September 02, 2025
A New York federal judge tossed a recently revived proposed antitrust class action Tuesday accusing Bank of America Corp., Wells Fargo & Co. and other major financial institutions of conspiring to rig corporate bonds and boycott rival bond-trading platforms, finding the allegations are vague, conclusory and time-barred.
October 22, 2024
Bank of America Corp., Wells Fargo & Co., JPMorgan Chase & Co. and others have argued the amended complaint in a recently revived securities suit accusing them of conspiring to rig corporate bonds fails to adequately allege a "farfetched" antitrust conspiracy.
August 08, 2024
Investors accusing major banks of conspiring to rig corporate bonds have told a New York federal court they want to file a new complaint after the Second Circuit revived the suit last month over a potential conflict with the previous judge, while the defendants say this would take the case "back to square one."
November 14, 2022
A New York federal judge has refused to grant investors accusing big banks of rigging corporate bonds a redo after the prior judge overseeing the case was replaced over a spousal stock ownership conflict.
April 28, 2022
Big banks that were freed from a corporate bond-rigging suit by a judge who has since been replaced over a spousal stock ownership conflict have urged the judge's successor to let an appeal of the dismissed case play out in the Second Circuit rather than tee up a do-over.
March 03, 2022
A group of investors claiming big banks colluded to rig corporate bond prices will seek to revive their proposed class action, after the New York federal judge who dismissed the case recused himself because his wife owns stock in one of the defendants, Bank of America.
February 25, 2022
A New York federal judge who freed Bank of America and other financial institutions from a consolidated shareholder class action over alleged spoofing in the precious metals futures market should have recused himself from the case because his wife owned Bank of America stock, according to a Friday letter from a court clerk.
October 25, 2021
A New York federal judge on Monday handed a big win to Bank of America, Wells Fargo, JPMorgan Chase and several other big banks, throwing out for good a proposed class action accusing them of colluding to rig prices for smaller trades of corporate bonds.
January 29, 2021
Retail investors suing Bank of America, JPMorgan Chase and several other big banks for allegedly hitting them with inflated prices and lower returns for corporate bonds on Thursday said a New York federal judge should reject the bid to toss the case that "deliberately attempts to sow confusion."
December 16, 2020
Bank of America, JPMorgan Chase and other banking giants have renewed their push in New York federal court to torpedo a proposed class action accusing them of colluding to rig prices for smaller trades of corporate bonds, saying the latest version of the case is still "impossibly broad" and "legally insufficient."