BofA, JPMorgan Get Wins in Long-Running Libor-Rigging Lawsuit

A federal judge granted a group of big banks including Bank of America Corp. and JPMorgan Chase & Co. their bid to end a long-running benchmark-rate rigging case, saying the investor plaintiffs didn’t provide sufficient evidence to support a conspiracy.

Judge Naomi Reice Buchwald of the US District Court for the Southern District of New York in a Thursday order granted the banks’ motion for summary judgment and denied plaintiffs’ bid to certify a class. She also granted the defendant banks their motion to decertify a previously certified class.

“Having found that plaintiffs failed to proffer evidence sufficient to raise ...