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California bail bond price-fixing conspiracy didn’t exist, defendants tell US judge mulling amended antitrust complaint

By Michael Acton ( November 3, 2022, 22:34 GMT | Insight) -- Lawyers for some 20 surety firms today told a California federal judge that an antitrust complaint alleging they rigged bail bond prices and coordinated rebate policies should be dismissed, as the plaintiffs have been unable to present plausible evidence of a conspiracy even after lengthy discovery. The lawsuit alleges a conspiracy to fix the prices of bail bonds in California, which inflated the premiums paid to bail bondsmen in return for them posting bail on behalf of individuals seeking to get out of jail, and deliberately removed rebates that should have been offered. Lawyers for some 20 surety firms today told a California federal judge that an antitrust complaint alleging they rigged bail bond prices and coordinated rebate policies should be dismissed, as the plaintiffs have been unable to present plausible evidence of a conspiracy even after lengthy discovery....

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