NEW YORK, April 25 (Reuters) - A U.S. appeals court hasrevived a shareholder lawsuit accusing Barclays Plc ofwillfully misrepresenting its borrowing costs from 2007 to 2009and knowingly submitting false information concerning theinterest rate benchmark known as Libor.
The 2nd U.S. Circuit Court of Appeals in New York saidshareholders presented a "plausible claim" that a June 2012 dropin the bank's share price resulted from Barclays' revelation ofprior misrepresentations of its Libor rates and amisrepresentation of the British bank's borrowing costs. (Reporting by Jonathan Stempel in New York; Editing by SteveOrlofsky)