Abhishek Sachdev, Vedanta Hedging’s CEO, was interviewed in The Independent on July 1st 2015. The interview took a look at how LIBOR manipulation might threaten pre-existing legal settlements abou swap mis-selling.
Also interviewed for the piece was Mr. Stephen Rosen from Collyer Bristow Solicitors.
LIBOR threat to legal settlements
Mr. Sachdev was quoted in the article;
“Abhishek Sachdev, a derivatives expert at Vedanta Hedging, said: “The Wingate case is being carefully watched by the industry. If Lloyds attempts to strike it out on the basis of the 2011 settlement and fails, it could open the door to hundreds, if not thousands, of individuals and companies attempting to rip up their agreements.”