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Morgan Stanley, Others Must Face ISDAfix Rate-Rigging Suit

Law360 (February 2, 2018, 10:45 PM EST) -- A New York federal judge Friday refused to toss some antitrust allegations from investors claiming that Morgan Stanley and other banks rigged a benchmark interest rate to cheat them on swap transactions, but did shave other claims requested by Nomura Securities International and Wells Fargo.

The order issued by U.S. District Court Judge Jesse Furman of the Southern District of New York denies a joint motion to dismiss some investors antitrust claims filed by the litigation’s remaining defendants: Morgan Stanley & Co. LLC, Wells Fargo Bank,...
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