In Re: Municipal Derivatives Antitrust Litigation

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Case overview

Case Number:

1:08-md-01950

Court:

New York Southern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Victor Marrero

Firms

Companies

Government Agencies

Sectors & Industries:

  1. July 08, 2016

    $100M In Settlements End Class Action In Muni Bond MDL

    A federal judge on Friday gave final approval for settlements totaling $100 million between plaintiffs alleging price-fixing in the municipal bond industry and six defendants including Societe Generale, National Westminster Bank and UBS, a deal that leaves only those who opted out of the class to litigate the seven-year-old case.

  2. November 23, 2015

    JPMorgan Settles With Calif. Cities In Muni Bond MDL

    JPMorgan Chase & Co. agreed to settle claims brought by Alameda County, California, and the cities of Oakland and Fresno in multidistrict litigation accusing the bank of conspiring to fix prices and rig bids for municipal derivatives, according to documents filed in New York federal court Monday.

  3. January 23, 2014

    Morgan Stanley Latest To Exit Muni Bond Bid-Rigging MDL

    Morgan Stanley joined a string of financial institutions agreeing to settlements in multidistrict litigation accusing them of colluding to rig bids in the municipal bond derivatives market, disclosing in a filing Thursday that it had reached a deal with the suit's plaintiffs.

  4. December 06, 2013

    GE To Pay $18M To Exit Municipal Bond-Rigging Class Action

    Three General Electric Co. units will pay $18 million to end part of their involvement in multidistrict litigation accusing them and other financial institutions of colluding to rig bids in the municipal bond derivatives market, according to a filing in New York federal court Friday.

  5. May 10, 2013

    First Southwest Ends Muni Investment Bid-Rigging Claims

    A New York federal judge on Friday approved a voluntary dismissal of First Southwest Co. from a spate of cases rolled into multidistrict litigation accusing several financial institutions of rigging bids on municipal derivatives.

  6. May 08, 2013

    W.Va. Frees RBC From Bid-Rigging MDL Tied To Muni Bonds

    A New York federal judge on Wednesday signed off on an agreement dismissing West Virginia's claims against Royal Bank of Canada in multidistrict litigation over alleged bid-rigging on municipal derivatives.

  7. November 08, 2011

    Wells Fargo Reaches $37M Deal In Bid-Rigging MDL

    Wells Fargo & Co. will pay at least $37 million to settle a multidistrict litigation in New York in which municipalities accuse several financial institutions of rigging bids on municipal derivatives, it said in a regulatory filing Tuesday.

  8. July 18, 2011

    Judge Halts $92M JPMorgan Deal In Muni Bond MDL

    The New York federal judge overseeing multidistrict litigation over alleged bond-market rigging by several financial institutions on Friday halted a $92 million outside settlement between JPMorgan Chase & Co. and a group of 25 state attorneys general.

  9. August 30, 2010

    Morgan Stanley Settles Muni Derivative MDL For $6M

    Morgan Stanley & Co. Inc. has agreed to pay more than $6 million to settle claims brought by a putative class of municipalities that it worked with about a dozen other banks and financial advisers to fix the prices of municipal derivatives sold in the United States.

  10. April 30, 2010

    Defendant Ranks Pared Down In Muni Derivative MDL

    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.

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