June 16, 2020
A New York federal judge on Tuesday approved a $77.3 million award for Lowey Dannenberg PC and Scott & Scott LLP for their roles as co-lead counsel in five class action settlements resolving claims of a price-rigging scheme for bonds issued by Fannie Mae and Freddie Mac.
December 17, 2019
More than a dozen banks have reached settlements totaling $337 million to resolve investors' claims in New York federal court that the financial institutions rigged the prices of bonds issued by mortgage lending giants Fannie Mae and Freddie Mac.
November 20, 2019
Days after announcing a third settlement in the litigation, buyers of Fannie Mae and Freddie Mac bonds asked a New York federal judge for class certification in their antitrust suit against Bank of America, JPMorgan and other banking behemoths.
November 15, 2019
Investors who targeted big banks with bond price-fixing claims have nabbed a third settlement in the sprawling litigation, telling a New York federal judge Thursday that they've reached a $20 million deal with Goldman Sachs.
October 16, 2019
A New York federal judge ruled Tuesday that banks he'd previously dismissed from a bond price-fixing lawsuit cannot escape claims again in light of information investors gleaned from a settlement with Deutsche Bank.
September 24, 2019
Investors have asked a New York federal court to keep alive their bond price-fixing claims against several big banks, saying the banks barely tried to challenge new evidence of their culpability in the alleged scheme.
September 18, 2019
The banks that were bounced from a bond price-fixing lawsuit this month said Tuesday that new evidence the investors gleaned from a settlement with Deutsche Bank does not save the investors' amended claims against them.
September 12, 2019
Investors alleging major banks conspired to fix prices for bonds issued by Fannie Mae and other government-sponsored enterprises told a New York federal court that they have their first settlement, unveiling a $15 million deal with Deutsche Bank that includes compliance and cooperation provisions.
September 03, 2019
A New York federal judge on Tuesday bounced more than a dozen major banks from a bond price-fixing lawsuit, but kept several others including Deutsche Bank and Goldman Sachs, saying a "rare smoking gun" pointed to wrongdoing on the part of the financial giants.
July 23, 2019
Defense counsel for a group of major banks facing a bond price-fixing lawsuit told a Manhattan federal court on Tuesday that he was so confident in his dismissal bid that he's willing to put his child's education on the line.