We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Banks Look To Deal Knockout Blow In Bond Price-Fix Suit

Law360 (June 14, 2019, 3:34 PM EDT) -- Major banks accused of working together to fix bond prices for government-sponsored entities, including Fannie Mae and Freddie Mac, have urged a New York federal judge to throw out the lawsuit against them, saying investors bringing the suit cannot substantiate their "impossibly broad" conspiracy claims.

BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, UBS Securities LLC and others asked in a joint motion Thursday to dismiss the consolidated complaint brought by the retirement plan of the city of Birmingham, Alabama, and other investors.

According to the complaint, the financial institutions fixed prices for bonds issued by...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS