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Mayor and City Council of Baltimore v. Bank of America Corporation et al

  1. November 02, 2020

    Big Banks Can't Shake Philly, Baltimore Rate-Rigging Suits

    A New York federal judge said Monday that Philadelphia and Baltimore can proceed with consolidated class action litigation accusing major banks of artificially inflating interest rates on securities known as variable rate demand obligation bonds, trimming many of the cities' state-law claims but ruling that an antitrust conspiracy had been plausibly alleged.

  2. April 08, 2019

    Baltimore, Philly's Bond Rate-Rigging Suits Combined

    A New York federal judge has combined a pair of proposed class action lawsuits — one filed by the city of Philadelphia and another from the city of Baltimore — that similarly accused major banks of conspiring to fix the interest rates of city-issued bonds.

  3. March 26, 2019

    10 Major Banks Conspired To Fix Bond Rates, Baltimore Says

    The city of Baltimore on Monday became the latest municipality to sue major banking institutions alleging they conspired to inflate the interest rates on city-issued bonds, saying that municipal issuers have been overcharged billions of dollars.