Law360, Los Angeles (June 3, 2016, 9:49 PM ET) -- Bank of America NA, Deutsche Bank AG and others were hit Friday with a new proposed antitrust class action in New York federal court alleging traders working for the banks manipulated trades in the $9 trillion agency bond market.
The City of Atlanta Firefighters Pension Fund’s suit is the latest nationwide class action alleging traders colluded to fix the prices of supranational, subsovereign and agency bonds between 2005 and 2014. The investors say the scheme made them pay too much for the SSA bonds