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

By Jon Hill ( November 2, 2020, 1:55 PM EST) -- 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....

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