Muni Bond MDL Complaint Takes A Jab At Lawyers

Law360, New York (August 22, 2008, 12:00 AM EDT) -- An amended complaint in consolidated antitrust litigation over municipal derivatives has quoted an ex-Internal Revenue Service manager as saying that lawyers might face jail time as a result of alleged bid-rigging, which an attorney for the plaintiffs said reveals the pervasiveness of the conspirators' scheme.

The consolidated complaint was filed in the U.S. District Court for the Southern District of New York on Aug. 22. Paragraph 84 of the complaint quotes Charles Anderson, identified as a former field operations manager for the IRS' tax-exempt bond office,...
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