Law360, New York (November 13, 2009) -- The Sacramento Municipal Utility District has joined thousands of municipalities across the country in accusing financial giants Bank of America NA, UBS AG and JPMorgan Chase & Co., among many others, of rigging the bids offered in municipal derivatives auctions.
In a lawsuit filed Thursday in the U.S. District Court for the Eastern District of California, SMUD accused the investment banks of colluding to divvy up the market for municipal...
