Bond Investors Denied 2nd Circ. Redo In Market-Rigging Suit

By Bryan Koenig (September 3, 2021, 9:00 PM BST) -- The Second Circuit has summarily refused to rethink a panel decision affirming the toss of investor antitrust claims alleging Citigroup, Barclays, Credit Suisse and others rigged the market for bonds issued by foreign governments.

According to a single-paragraph order Thursday, the original panel and the entire court considered and rejected the bid for panel or en banc rehearing. In doing so, the judges rejected investor assertions that the court should've been satisfied by any "singular" plausible assertion of anti-competitive harm caused by a continuous and ongoing bank conspiracy to collude with one another in the secondary market for U.S. dollar-dominated supranational,...

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