W.Va. Frees RBC From Bid-Rigging MDL Tied To Muni Bonds

Law360, New York (May 8, 2013, 8:58 PM EDT) -- A New York federal judge on Wednesday signed off on an agreement dismissing West Virginia's claims against Royal Bank of Canada in multidistrict litigation over alleged bid-rigging on municipal derivatives.

U.S. District Judge Victor Marrero signed a stipulated dismissal under which the state of West Virginia agreed to drop its claims against RBC in the state's suit in the MDL, which involves allegations that RBC and several other major financial institutions conspired to rig bids on municipal derivatives used to invest the proceeds of municipal bonds....
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