Barclays Libor trial delayed until next year

(Source: Barclays)

A court case brought by Wolverhampton based Guardian Care Homes for £70m will be delayed until next April year. The residential carehome operator claims that it was mis-sold interest hedging products based on Libor.

The case is seen as a test for other small British firms who may have been mis-sold similar products. The case is the first of its kind, linking a complaint over alleged product mis-selling and the manipulation of Libor and other benchmark interest rates.