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San Jose Sues BofA, UBS, Others Over Muni Derivatives

By James Armstrong (May 24, 2010, 5:10 PM EDT) -- The city of San Jose, Calif., is suing a slew of financial services companies including Bank of America NA, UBS AG, Citibank NA and The Goldman Sachs Group Inc. for violating federal and state antitrust laws and engaging in an industrywide conspiracy involving municipal derivatives....

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