Louisiana To Settle Rest Of GSE Bond-Rigging Case

Law360 (April 22, 2021, 7:13 PM EDT) -- The state of Louisiana has a tentative deal to settle the rest of its case accusing units of JPMorgan and other major financial institutions of conspiring to rig prices of bonds issued by government-sponsored enterprises like Fannie Mae and Freddie Mac, setting up a potential conclusion to the litigation after a bruising series of dismissal rulings in Baton Rouge federal court.

Louisiana's three-page filing on Wednesday did not disclose any specific settlement terms such as monetary payments, saying only that "an agreement in principle" has been reached with J.P. Morgan Securities LLC, UBS Securities LLC and the other remaining defendants....

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