Law360, New York (September 11, 2015, 9:19 PM EDT) -- The City of Atlanta Firefighters’ Pension Fund on Friday filed a putative antitrust class action in New York federal court against a group of the largest dealer banks in the world, alleging collusive manipulation of the market for U.S. Treasury bills, notes, bonds and derivative financial products.In a suit that names banks including J.P. Morgan Securities LLC, Morgan Stanley & Co., RBC Capital Markets LLC, Goldman Sachs & Co and Deutsche Bank Securities Inc., the pension plan, which says it manages $635 million in assets on behalf of approximately 2,059 members, claim the defendants illegally manipulated the Treasuries market, causing...
Citigroup, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, RBC Capital Markets, Bank of Nova Scotia, UBS, and CME Group have had a punitive antitrust suit filed against them by New York, which alleges that the defendants colluded to manipulate the market of US Treasury bills, notes, bonds and derivative financial products.