Charges Loom In Municipal Bond Probe: Report

Law360, New York (March 5, 2008, 12:00 AM EST) -- More than two dozen people and a slew of financial giants are reportedly going to be charged in connection with a long-standing federal investigation into alleged anti-competitive activities among bidders for municipal bond derivatives.

Citing sources familiar with the matter, Dow Jones speculated Wednesday that the U.S. Department of Justice was preparing to issue a slew of indictments after shipping off “target” letters to an estimated 30 individuals.

In the past few weeks, a number of companies have revealed that they are under scrutiny from the...
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