Rabobank Closes Book On Muni Bond MDL Suits

Law360, New York (July 25, 2011, 7:44 PM EDT) -- Rabobank Group was dismissed Friday in New York from multidistrict litigation brought by 21 municipalities alleging the Netherlands-based bank and other financial institutions ripped off municipalities by rigging the bidding process for a series of bond derivatives offerings.

Rabobank's dismissal comes less than two weeks after a group of 25 state attorneys general reached an agreement with JPMorgan Chase & Co. in the MDL.

Terms of the Rabobank stipulation were not immediately disclosed on Monday.

The other defendants in the MDL include AIG Financial Products Corp.,...
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