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Judge Chides Counsel Over 'Lack Of Candor' In Swaps Suit

Law360 (May 23, 2018, 6:16 PM EDT) -- Investors can’t revive part of their suit accusing a slew of dealers of bullying competition in the interest rate swaps market, a New York federal judge said Wednesday, largely dismantling the putative class’ attempt to file a third amended complaint and rebuking its counsel for keeping the intended request under wraps.

U.S. District Judge Paul A. Engelmayer issued a lengthy opinion allowing for minor tweaks to the investors’ suit, but rejected their request to revive claims based on the dealers’ allegedly shady conduct between 2008 and...
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