In This Issue:

- It All Falls Down: As banks continue to settle Libor-rigging charges with regulators, institutional investors consider pursuing individual actions

- The Next Wave of Asset-Backed Securities Litigation: Student Loans

- Found Fraud in your Foreign Securities? What to do now. Examining the current implications of Morrison v. National Australia Bank

- Excerpt from It All Falls Down: As banks continue to settle Libor-rigging charges with regulators, institutional investors consider pursuing individual actions:

Three of the world’s leading banks — Barclays, UBS, and the Royal Bank of Scotland — have admitted to manipulating the London Interbank Offered Rate (“Libor”), the world’s leading short-term interest rate benchmark, for numerous currencies over the course of several years. With regulators from various countries pushing forward in their investigations, and a multitude of class actions being filed, institutional investors with large exposures to Libor-linked instruments are considering pursuing individual actions.