Banks Blast La.'s 'Serial Amendments' To Bond-Rigging Suit

Law360 (February 25, 2020, 10:32 PM EST) -- Barclays Bank PLC, Jefferies Group LLC and Mizuho Securities USA LLC have urged a Louisiana federal judge to toss the state attorney general office’s bid to file a second amended complaint alleging they and other banks rigged the price of bonds issued by government-sponsored entities such as Fannie Mae and Freddie Mac.

The financial firms rebuked Louisiana’s move in a pair of filings Monday as costly and time-consuming and noted that the state has failed to reply to their dismissal motions filed after the original suit was lodged last September and after the state submitted its first amended complaint in December....

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!