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

( October 18, 2024, 22:31 GMT | Official Statement) -- MLex Summary:  Bank of America, Wells Fargo, and others moved to dismiss traders second amended US complaint accusing them of conspiring to inflate the prices of all trades of ‘odd lots’ of corporate bonds. “Plaintiffs continue to string together the same disparate allegations dating back to the mid-1990s concerning six different trading platforms without pleading any facts that create an inference of some overarching conspiracy. Their principal addition to the SAC is to expand upon certain statistical analyses comparing prices of 'odd lots' and 'round lots' of corporate bonds. Those pricing statistics, however, have little or nothing to do with the alleged conspiracy to boycott trading platforms,” they said. See document below. ...

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