The U.S. District Court for the Southern District of New York dismissed allegations that ten of the world's largest banks engaged in two interrelated antitrust conspiracies in the U.S. Treasury securities market.
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A former financial services executive pleaded guilty to DOJ antitrust charges, admitting to a bid-rigging conspiracy to borrow pre-release American Depository Receipts.
Three pension funds sued several major broker-dealers and their affiliates for allegedly inhibiting competition in the stock lending market.