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Citi, Others Get Nod For $1.86B Deal In Market-Rigging Suit

Law360, New York (October 29, 2015, 6:04 PM EDT) -- A New York federal judge on Thursday granted preliminary approval to a $1.86 billion settlement in a class action alleging Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and 11 other market participants rigged the credit-default swaps market.

U.S. District Judge Denise Cote signed off on the order, which, if approved, will cover anyone who bought credit-default swaps from or sold them to the defendants or any alleged co-conspirator in any transaction covered by the settlement between Jan. 1, 2008, and Sept. 25, 2015....
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