Asset Management and Insurance Company “Principal Financial Group Inc.” Files LIBOR Lawsuit

The large asset management and insurance company Principal Financial Group Inc. has just filed a lawsuit alleging manipulation/conspiracy to depress the London Interbank Offered Rate (LIBOR) during the period August 2007 to May 2010.

The case is Principal Financial Group Inc. v. Bank of America Corp. et al. (S.D. Iowa No. 13-00335).

The complaint is here.

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