Plaintiffs Appeal Dismissal Of ARS Antitrust Class Suits

By Erin Coe

Law360, New York (March 02, 2010, 1:09 PM ET) -- Plaintiffs have challenged the dismissal of two putative class actions accusing Citigroup Inc., UBS AG, Bank of America Corp., The Goldman Sachs Group Inc. and several other financial firms of violating antitrust laws in their presentation and marketing of auction rate securities.

The two plaintiffs groups on Monday put the U.S. District Court for the Southern District of New York on notice that they have appealed the court’s January order holding that the ARS market fell squarely within an area of market activity that the securities...
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