Quinn, Cohen Named Interim Lead Counsel In Swaps Suit

By Melissa Daniels (August 3, 2016, 9:08 PM EDT) -- A New York federal judge on Wednesday named Cohen Milstein Sellers & Toll PLLC and Quinn Emanuel Urquhart & Sullivan LLP co-lead interim counsel in a proposed class action accusing Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and other major financial institutions of rigging the market for interest-rate swaps.

The suit filed in November 2015 by the Public School Teachers' Pension and Retirement Fund of Chicago, a longtime client of Cohen Milstein, accuses more than a dozen financial institutions of failing to open up interest rate swaps, a derivative method based on speculation over interest rates,...

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