Litigation
Oct. 21, 2015
Settlement with banks is complex
Settlement amounts revealed to be paid by the largest Wall Street banks in antitrust class action.
Daily Journal Staff Writer
A $1.86 billion preliminary agreement submitted for court approval revealed what Wall Street's largest banks will pay to settle allegations of price fixing in the lucrative credit default swaps market.
Damages were based on a complex economic model that took more than a year to build, plaintiffs' attorneys said.
The individual settlement amounts range fr...
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