Claims Tossed Against 34 In Muni Bond Antitrust MDL

Law360, New York (April 30, 2009, 12:00 AM EDT) -- A federal judge has tossed claims against 34 of the nation’s largest financial institutions accused of fixing prices of municipal derivatives in multidistrict litigation brought by over a dozen municipalities.

The plaintiffs — including the city of Baltimore and the state of Mississippi — did not provide sufficient evidence for their allegations of bid-rigging, price-fixing and allocating customers, Judge Victor Marrero ruled in the U.S. District Court for the Southern District of New York on Thursday.

“The mere fact that defendants are involved in an industry...
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