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The B.B.A. then threw out the four highest and lowest figures it received, and used the mean of the remaining eight to set Libor for that day.

The judge found that the “defendants effectively represented that they were responding in good faith to the B.B.A.’s query about the rate at which Rabobank could borrow funds.”

"If Mr Wheatley's recommendations include a change of responsibility for Libor, the B.B.A. will support that," the organization said in a statement.

In June, following the record producer’s proposal, Mr. Haque offered the children spots in a B.B.A. school.

The B.B.A., like other nonprofit groups, built its own schools partly in response to the sorry state of government foster homes, where corporal punishment is routine and abuse is common.