January 13, 2017
Abraham, Fruchter & Twersky, LLP has filed a complaint on behalf of The Police Retirement System of St. Louis alleging that a group of international banks colluded to manipulate the bid-ask price of supranational, sub-sovereign, and agency bonds (“SSA Bonds”) in violation of the antitrust laws of the United States of America.
The Bank Defendants are alleged to have fixed the prices at which they bought and sold SSA Bonds in the secondary market from at least as early as January 1, 2010, through November 2014. As a result of the alleged anti-competitive conduct, institutional investors such as The Police Retirement System of St. Louis paid significantly more to purchase SSA bonds and received significantly less when they sold SSA bonds.
Abraham, Fruchter & Twersky, LLP represents institutional investors, small business, and individuals in all types of complex commercial litigation including antitrust litigation. If you or your business has been harmed by anti-competitive conduct please reach out to us here.