April 21, 2010
The U.S. Department of Justice is seeking to intervene in multidistrict litigation accusing more than a dozen companies — including Bank of America NA and JPMorgan Chase & Co. — of price-fixing and bid-rigging in the municipal bond market.
April 12, 2010
A federal judge has refused to revisit a recent decision not to dismiss Morgan Stanley from a proposed class action accusing over a dozen banks and financial advisers of fixing prices of municipal derivatives sold in the United States.
March 25, 2010
A federal judge on Thursday refused to toss a proposed class action accusing JPMorgan Chase & Co., Wells Fargo & Co. Inc., UBS AG, Morgan Stanley and a dozen other financial institutions of fixing prices of municipal derivatives sold in the United States.
February 10, 2010
The Goldman Sachs Group Inc. has asked a judge to dismiss claims by several state and local governments in the multidistrict litigation accusing a slew of companies of fixing prices of municipal derivatives, contending that the municipalities have failed to plead a massive conspiracy.
September 21, 2009
Wachovia Bank NA, JPMorgan Chase & Co. and other major financial institutions have asked a judge to dismiss the latest consolidated complaint in the multidistrict litigation accusing them of fixing prices of municipal derivatives, contending that the municipalities have failed to plead a massive conspiracy.
May 08, 2009
JPMorgan Chase & Co. has revealed it is facing charges by the U.S. Securities and Exchange Commission in connection with a long-running probe of price-fixing and bid-rigging in the municipal derivatives industry.
April 30, 2009
A federal judge has tossed claims against 34 of the nation’s largest financial institutions accused of fixing prices of municipal derivatives in multidistrict litigation brought by over a dozen municipalities.
February 20, 2009
A number of cities and counties have recently dropped claims against National Westminster Bank PLC and Genworth Financial Inc. in multidistrict litigation accusing the nation's largest financial institutions of price-fixing in the municipal derivatives market.
July 24, 2008
In the growing litigation over allegations of price-fixing in the municipal derivatives industry among more than 30 major financial institutions, over a dozen cities, counties and states have filed suit in state and federal courts.