DOJ Seeks To Intervene In Bond Price-Fixing Suit

Law360, New York (April 21, 2010, 4:44 PM EDT) -- The U.S. Department of Justice is seeking to intervene in multidistrict litigation accusing more than a dozen companies — including Bank of America NA and JPMorgan Chase & Co. — of price-fixing and bid-rigging in the municipal bond market.

The DOJ is seeking to intervene in order to file a motion for a limited discovery stay in the dispute after Judge Victor Marrero of the U.S. District Court for the Southern District of New York refused to dismiss the lead class action case March 25....
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