German Bank Hits Top Banks Over CDS Price-Fixing

Law360, Los Angeles (July 29, 2013, 8:43 PM EDT) -- A German bank hit Citibank NA, JPMorgan Chase & Co., Barclays Bank PLC and other top banks with a putative class action in Illinois federal court Monday, accusing the banks of entering into a conspiracy to fix and control the credit default swaps market.

The antitrust suit, brought by LBBW Asset Management Investmentgesellschaft mbH on behalf of itself and all others similarly situated, comes two weeks after the same top banks were hit in New York federal court with a similar putative class action alleging they...
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