Big Banks Beat Investors' Odd-Lot Bonds Antitrust Suit
By Hailey Konnath (October 25, 2021, 11:41 PM EDT) -- A New York federal judge on Monday handed a big win to Bank of America, Wells Fargo, JPMorgan Chase and several other big banks, throwing out for good a proposed class action accusing them of colluding to rig prices for smaller trades of corporate bonds.
A judge on Monday tossed a proposed class action accusing BofA and other big banks of colluding to rig rates on odd-lot bonds. (AP Photo/Matt Rourke) U.S. District Judge Lewis J. Liman noted in his order that the individual and institutional investors' complaint is "ambiguous and unclear" regarding the precise nature of the banks' alleged boycott of electronic...
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