Banks win dismissal of litigation alleging rigging of U.S. Treasury securities By Reuters


© Reuters. The emblem and seal of the Division of the Treasury is seen inside the brand new United States embassy constructing is seen throughout a press preview close to the River Thames in London

NEW YORK (Reuters) – A U.S. choose on Wednesday dismissed litigation accusing 10 massive banks of conspiring to suppress competitors within the multi-trillion greenback marketplace for U.S. Treasury securities.

The choice by U.S. District Decide Paul Gardephe in Manhattan got here in long-running litigation by 21 pension, retirement and profit funds, in addition to unions, banks, people, and corporations that traded in Treasuries.

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