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Banks move to dismiss amended antitrust claims over odd-lot corporate bonds

( December 15, 2020, 22:31 GMT | Official Statement) -- MLex Summary: Traders’ amended complaint still pleads two impossibly broad and legally insufficient conspiracies among 19 defendants that supposedly inflated the prices of all trades of ‘odd lots’ of corporate bonds, according to Bank of America, Wells Fargo, and others moving to dismiss. “The massive scope of these alleged conspiracies contrasts sharply with the absence of well-pled facts to sustain them. Rather than fix this fatal defect, the [complaint] adds only more flawed ‘expert analysis’ of odd-lot prices, recycled boycott allegations from the 1990s, and isolated episodes of single-firm conduct,” they said.See document below. ...

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