GSE bond rigging suit cites ‘smoking gun’ evidence

Following the appointment of lead counsel in a mounting class action suit that accuses nearly a dozen investment banks of an agency bond price fixing conspiracy, a new complaint filed in New York district court lists Deutsche Bank as a co-conspirator that divulged electronic chats between traders to prosecutors.

  • By Alexander Saeedy
  • 30 May 2019

Earlier this month, a joint application from law firms Lowey Dannenberg and Scott + Scott was selected by Judge Jed Rakoff of the Southern District of New York for lead counsel in the case against banks accused of conspiring to fix agency bond prices.

In a complaint filed ...

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1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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3 Wells Fargo Securities 51,322.59 157 7.70%
4 Bank of America Merrill Lynch 50,413.91 166 7.56%
5 Credit Suisse 47,114.03 149 7.07%