Scott, Lowey Take Lead Spot In Bond Price-Fix Suit

By Christopher Cole (May 3, 2019, 2:27 PM EDT) -- A New York federal judge has tapped litigation firms Scott & Scott LLP and Lowey Dannenberg PC to head up a proposed class action on behalf of investors who say major banks plotted for several years to fix Fannie Mae and Freddie Mac bond prices.

One of several similar cases accusing financial institutions of taking advantage of the tight-knit environment in which traders buy and sell bonds issued by government-sponsored entities, which include the mortgage giants, the suit was filed by the City of Birmingham retirement plan and other investors who say they lost money due to the alleged conduct....

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