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....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!