Illinois is defending its decision to accept a $68 million settlement from Wall Street banks to conclude an almost decade-long muni price-fixing lawsuit
a $68 million settlement from a cohort of Wall Street banks to conclude an almost decade-long lawsuit over municipal bond price-fixing by questioning the claims of the firm that filed the case on its behalf.
The lawsuit, originally filed under seal in 2014 by an entity called the Edelweiss Fund LLC, sought around $349 million in pre-trebled damages and another $350 million in statutory damages. Edelweiss brought the False Claims Act lawsuit as a “relator,” or someone filing a lawsuit on behalf of an injured party — in this case, the state of Illinois — in return for a portion of any recovery.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wall Street ends down, investors step back after Fitch US rating cutWall Street finished lower on Wednesday, with the S&P 500 and Nasdaq Composite down for a second straight day as investors took profits on five months of gains a day after rating agency Fitch cut the U.S. government's credit rating.
Leer más »
Recession outlook 2023: Wall Street economists walking back fears of a downturnWall Street reversal: More and more economists are changing their minds and declaring US recession fears dead
Leer más »
Fitch downgrade: Wall Street frets about US debt againWall Street starts fretting about US debt again after months of easy stock-market gains
Leer más »
Apple earnings preview: Wall Street expectations for Q3 report'Another flex the muscles moment': Here's what Wall Street expects from Apple's upcoming earnings report
Leer más »
U.S. stock futures point to third straight drop on Wall StreetU.S. stock futures on Thursday were pointed to a third consecutive decline, as key tech earnings and a major jobs report loom.
Leer más »