Muni Bond Bid-Rigging Charges Aren’t Time-Barred: Feds

Law360, New York (July 27, 2011, 5:31 PM EDT) -- Prosecutors told a New York federal judge on Tuesday that their case against three ex-financial services executives accused of rigging bids on state and municipal bond bids is not time-barred, because a 10-year statute of limitations applies when a financial institution is involved.

The filing came in response to a July 1 dismissal motion filed by defendants Dominick P. Carollo, Steven E. Goldberg and Peter S. Grimm, who argued the charges in the case are barred by applicable five- and six-year statutes of limitations.

A seven-count...
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