June 8, 2013
Court throws out Bloomberg challenge to swap margin requirements – FT.com
I think there's many will be disappointed this case didn't go further, it would have been illustrative to see whether BBG's lawyers could make an argument stick on how IM requirements are specified by regulators.
District court judge Beryl Howell late on Friday night dismissed the lawsuit, saying that “once the plaintiff’s hyperbolic rhetoric is swept away, no facts are left to sustain the relief it seeks”.
Court throws out Bloomberg challenge to swap margin requirements – FT.com.
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