In Re: Municipal Derivatives Antitrust Litigation

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Case overview

Case Number:

1:08-md-01950

Court:

New York Southern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Victor Marrero

Firms

Companies

Government Agencies

Sectors & Industries:

  1. April 21, 2010

    DOJ Seeks To Intervene In Bond Price-Fixing Suit

    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.

  2. April 12, 2010

    Morgan Stanley Can't Exit Muni Bond MDL: Judge

    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.

  3. March 25, 2010

    Muni Derivatives Suit Against 16 Firms Moves Ahead

    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.

  4. February 10, 2010

    Goldman Seeks To Dismantle Muni Price-Fixing Claims

    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.

  5. September 21, 2009

    Banks Shoot To Kill Municipal Bond Antitrust MDL

    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.

  6. May 08, 2009

    JPMorgan Faces SEC Charges Over Muni Bonds

    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.

  7. April 30, 2009

    Claims Tossed Against 34 In Muni Bond Antitrust MDL

    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.

  8. February 20, 2009

    Claims Dropped In Muni Derivatives Antitrust MDL

    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.

  9. July 24, 2008

    All Eyes On Mounting Muni Bond Litigation

    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.

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