Accused Muni Bond Bid-Riggers Call Charges Outdated

Law360, New York (July 5, 2011, 2:36 PM EDT) -- A group of former financial services executives accused of rigging bids on state and municipal bonds asked a New York federal court Friday to dismiss the charges against them, arguing the claims were barred by the statute of limitations for fraud.

Federal prosecutors filed a superseding indictment against Dominick P. Carollo, Steven E. Goldberg and Peter S. Grimm in June, alleging the three men conspired with other providers of financial services to win municipal finance contracts for their employers. They were charged with wire fraud and...
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