TITLE

Big Banks Suspected in Muni Bid-Rigging Scheme

PUB. DATE
March 2010
SOURCE
American Banker;3/29/2010, Vol. 175 Issue 47, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that more than 12 banks and investment firms are suspected co-conspirators by the U.S. Department of Justice's antitrust division for alleged bid-rigging and price-fixing in municipal financing. The suspected banks and investment firms include JPMorgan Chase and Company, Citigroup Incorporated, and Wells Fargo and Company. The list of banks was mistakenly filed as part of a request for evidence from the U.S. government in a case against CDR Financial Products Incorporated.
ACCESSION #
48847475

 

Related Articles

  • Wholesaler pleads guilty in Houston price-fix case. Miodonski, Bob // Contractor Magazine;Aug94, Vol. 41 Issue 8, p1 

    Reports on the guilty plea entered by Texan wholesaler Morrison Supply and its president Scott Sangali who had been charged with violation of the Sherman Act. Plea agreement with US Department of Justice Antitrust Division; Date of sentencing of accused; Penalties for conviction; Defendants...

  • Notices: DEPARTMENT OF JUSTICE.  // Federal Register (National Archives & Records Service, Office of;5/30/2013, Vol. 78 Issue 104, p32443 

    The article presents a notice on proposed final judgment and competitive impact statement from the antitrust division of the U.S. Department of Justice (DOJ). A civil action has been filed against Cinemark Holdings Inc. on the alleged acquisition of movie theatres and related assets from Rave...

  • Going After the Credit-Card Cartel. Meyer, Michael // Newsweek;10/19/1998, Vol. 132 Issue 16, p58 

    Mentions the United States Justice Department's antitrust suit against the country's two largest credit-card operations. The issue of Visa and MasterCard being owned by the same network of banks; The stifling of innovation resulting from lack of competition; The question of consumers being hurt...

  • Justice Dept. Closes VantageScore Probe. Terris, Harry // American Banker;2/1/2007, Vol. 172 Issue 22, p16 

    The article reports that the U.S. Department of Justice's antitrust division has closed an inquiry into VantageScore Solutions LLC with no action taken. Commentary regarding the matter from Alfred C. Pfeiffer Jr., a co-chairman of the antitrust practice at the law firm of Bingham McCutchen, is...

  • Samsung Faces $300M DoJ Fine for Price Fixing.  // Electronic News;10/17/2005, Vol. 51 Issue 42, pN.PAG 

    This article reports that Samsung Electronics has agreed to plead guilty to charges of participating in an international conspiracy to fix prices in the dynamic random access market, settling with the U. S. Department of Justice (DOJ) Antitrust Division to the tune of $300 million. The fine is...

  • THE HOTTEST LAWYER IN TOWN. Moore, W. John // National Journal;7/15/2000, Vol. 32 Issue 29, p2312 

    Focuses on Joel I. Klein, head of the United States Justice Department's Antitrust Division. Performance at the Justice Department; Significance of antitrust investigation as a legal practice in Washington State; Forecast on the career of Klein in the legal profession.

  • Bureaucracy vs. behemoth. Levy, Steven // Newsweek;11/24/1997, Vol. 130 Issue 21, p82 

    Opinion. Focuses on the US government's antitrust action against Microsoft. Microsoft's response to charges of unfair monopolistic practices from the Department of Justice; The author's view that Bill Gates of the Microsoft company is being harassed.

  • `Trustbusters' stagger under caseload. Marquand, Robert // Christian Science Monitor;5/18/98, Vol. 90 Issue 120, p1 

    Discusses the challenges faced by the antitrust division of the United States Justice Department as corporate mergers are on the upswing in 1998. The inability of the division to handle all the cases it is currently facing; Comments from Stephen Calkins, former general counsel for the Federal...

  • Price fixing charges made.  // Ophthalmology Times;2/12/96, Vol. 21 Issue 6, p14 

    Reports on the charges made by the Department of Justice's Antitrust Division against the Lake County Optometric Society of Texas for alleged price fixing.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics