NJ Turnpike to Gain a Piece of $100 Million LIBOR Settlement with Barclays

NJ.com reports, “New Jersey is among 43 states that will divvy up a $100 million settlement with the international bank Barclays under a settlement agreement reached [on August 8]. The British bank was accused of improperly setting key interest rates at the height of the global financial crisis in 2007. . . .” The LIBOR manipulation settlement includes a combined $3.7 million for the New Jersey Turnpike Authority and Shore Memorial Medical Center in Atlantic County, according to the report.