Securities
May 7, 2010
Cities Get Boost in Claims Against Banks
A dozen cities in California are poised to pounce on an array of investment and commercial banks that allegedly bilked taxpayers out of billions of dollars during a 10-year price-fixing conspiracy.
Daily Journal Staff Writer
After treading water in court for more than a year, a dozen cities in California are poised to pounce on an array of investment and commercial banks that allegedly bilked taxpayers out of billions of dollars during a 10-year price-fixing conspiracy.
In two decisions released in recent months, a federal judge in Manhattan denied most of the defendants' motions to dismiss claims tha...
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