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Banks Must Face Credit Default Swap Rigging Suit

By Stephanie Russell-Kraft (September 4, 2014, 3:55 PM EDT) -- A New York federal judge on Thursday largely upheld a consolidated class action accusing Bank of America Corp., JPMorgan Chase & Co. and a slew of other banks of colluding to rig the price of credit default swaps, finding the plaintiffs had sufficiently pled injury and plausibly alleged the existence of an antitrust conspiracy....

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