Defendant Ranks Pared Down In Muni Derivative MDL

Law360, New York (April 30, 2010, 6:10 PM EDT) -- The federal judge overseeing multidistrict antitrust litigation over municipal derivatives has rejected dismissal bids from numerous defendants including Goldman Sachs Group Inc., Wells Fargo & Co. Inc. and Citibank NA, while throwing out claims against others including AIG Financial Products Corp.

Judge Victor Marrero of the U.S. District Court for the Southern District of New York signed off April 26 on two decisions and orders on a slew of defendants' motions to dismiss, which took aim at claims by California-based plaintiffs including the city of Los...
To view the full article, register now.