February 21, 2019
Investors fought a bid by Barclays, Citigroup and others to escape a proposed class action claiming the banks rigged the market for bonds issued by foreign government entities, arguing the New York federal court has jurisdiction because foreign traders conspired with U.S. counterparts.
January 10, 2019
HSBC Bank PLC has cut a $30 million deal to settle investors' allegations surrounding a scheme to rig the SSA bond market, and will hand over electronic "chats" to aid the class' prosecution of remaining banks in the case, according to settlement documents filed in New York federal court on Wednesday.
August 29, 2018
A Manhattan federal judge has thrown out a proposed consolidated class action accusing major banks including Barclays and Citigroup of conspiring to rig the SSA bond market, finding that the investors behind the suit haven't plausibly shown that they were injured by the banks' alleged collusion.
August 17, 2017
Bank of America NA and Deutsche Bank AG have agreed to pay a collective $65.5 million to settle with investors over a purported scheme to rig the SSA bond market, according to settlement proposals filed Thursday.
July 17, 2017
Some of the world's top banks asked a New York federal court on Friday to kill a potential class action that accuses them of rigging the $960 billion market for so-called SSA bonds, saying the case has little to do with the U.S. and is built around a mere "handful" of bonds that the plaintiffs might not have even traded.
May 18, 2016
Bank of America NA, Deutsche Bank AG and other banks were hit Wednesday with a proposed investor class action in New York federal court alleging traders working for the banks manipulated trades in the $9 trillion agency bond market.