(Reuters) - A U.S. judge ordered Barclays Plc and the U.S. Justice Department on Thursday to explain if the bank's $453 million settlement of allegations it manipulated interest rates affects a 2010 settlement in a case involving alleged illegal dealings with banks in countries like Iran and Cuba.
The order came from U.S. District Judge Emmet Sullivan in Washington, D.C., who has been overseeing the separate $298 million settlement by Barclays of claims it violated U.S. trade sanctions. Sullivan gave both sides until July 11 to address his question.
The 2010 deferred prosecution agreement specifies that Barclays could become "subject to prosecution for any federal crimes of which the United States has knowledge." Those include the alleged illegal transactions Barclays conducted for customers in Cuba, Iran and Sudan from 1995 to 2006.
The order came a day after Barclays agreed to settle claims it manipulated the London interbank offered rate, or Libor, brought by the
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