LONDON, April 11 (Reuters) - Barclays has settledits second lawsuit in a week that alleged the British bank hadmis-sold products that were tied to Libor benchmark interestrates.
Barclays said on Friday it had reached a compromise in itsproceedings with Portuguese construction and property firmDomingos Da Silva Teixeira in London's Commercial Court.
"Following discussions between the parties, a commercialresolution has been reached as to the Commercial Courtproceedings," Barclays said in a statement.
No other details were released.
The Portuguese company had filed a 11.1 million euro ($15.4million) claim of mis-selling against Barclays, and had beengiven permission to add allegations of Libor-rigging to theclaim, the Financial Times reported.
Barclays this week also reached a settlement with a UK carehome operator in what had been seen as a test case over whethercustomers could sue the bank for mis-selling after it was fined$450 million in 2012 for manipulating Libor rates.
Guardian Care Homes had sued Barclays for 70 million pounds,claiming that interest rate hedging products it was sold by thebank were invalid because some of the products' prices werelinked to Libor rates that were rigged. Barclays said Guardianowed it the same amount, and was trying to get out of repayingits debt.
The companies did not release details of the settlement.($1 = 0.7204 Euros) (Reporting by Steve Slater. Editing by Jane Merriman)
Barclays (BARC)