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UK court blocks WSJ story on rate rigging

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October 18, 2013 11:03 AM EST | AP


LONDON — LONDON (AP) — The publisher of the Wall Street Journal has pledged to fight an injunction preventing publication of the names of traders who may be implicated in the rate-rigging case involving the London interbank offered rate, or LIBOR.

Dow Jones & Co. said it had published on several platforms the names of individuals that British prosecutors planned to identify. The Journal says the story noted that inclusion on the list didn't mean the individuals would be charged.

Dow Jones said Friday it was obliged to "remove the previously published story from WSJ.com and to withhold publication from the print edition of The Wall Street Journal Europe."

British courts routinely impose reporting restrictions to safeguard rights of defendants.

LIBOR is an average measuring how much banks expect to charge each other for loans.