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Wall Street Banks Want Treasury Auction Rigging Suit Tossed

Law360 (May 23, 2018, 7:19 PM EDT) -- A group of large Wall Street banks and a trading platform accused of rigging the $13 trillion market for securities sold by the U.S. Treasury Department have asked a New York federal judge to dismiss a lawsuit that alleges the scheme was conducted through two interrelated conspiracies, according to court filings entered Tuesday.

The banks, including JPMorgan, Citigroup, Barclays and Goldman Sachs, argue that no evidence has been presented to substantiate claims that bankers at competing banks named in the suit shared sensitive client information with...
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