Plaintiffs Gearing Up For Big Battle Over Muni Bonds

Law360, New York (May 14, 2008, 12:00 AM EDT) -- As JP Morgan Chase & Co. became the latest to reveal that it could face charges for price-fixing and bid-rigging in the municipal derivatives industry, thousands of municipalities across the country are gearing up for a battle against dozens of big-name banks that could examine whether cooperation among Wall Street firms can be deemed anti-competitive collusion.

Some 37 top financial firms, including Bear Stearns Cos., Bank of America Corp., JP Morgan Chase & Co., UBS Financial Services Inc. and Wachovia Corp. have been hit by four...
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