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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Bid Rigging

LOS ANGELES - Los Angeles Unified School District is the latest entity to accuse Bank of America and dozens of other banks and investment firms of costing it millions of dollars by rigging bids in municipal bonds and derivatives. Click 'Bid Rigging' headline to see the defendants.

Here are the defendants in LAUSD's 211-page federal complaint: Bank of America NA; Merrill Lynch & Co. Inc.; UBS AG; UBS Financial Services Inc., f.k.a. Painewebber Inc.; UBS Securities LLC, f.k.a. UBS Warburg LLC; JPMorgan Chase & Co., f.k.a. Chase Financial, f.k.a. Morgan Guaranty Trust Co. of New York, f.k.a. JP Morgan Chase; JP Morgan Securities Inc., d.b.a. Bear Stearns & Co. Inc.; MBIA Inc.; Citibank NA; Citigroup Financial Products Inc., f.k.a. Salomon Brothers Holding Co. Inc.; Citigroup Global Markets Holdings Inc., f.k.a. Salomon Smith Barney Holdings Inc.; Morgan Stanley; Rabobank Group, a.k.a. Cooperatieve Centrale Raiffeisen-Boerenleenbank BA, also trading under the name Rabobank International, a.k.a. Rabobank NA; Bayerrische Landesbank Gironzentrale; Piper Jaffray & Co.; Societe Generale SA; Wachovia Bank NA, f.k.a. First Union Corp.; Wells Fargo & Co.; Financial Security Assurance Inc.; Assured Guaranty US Holdings INc.; Dexia SA; National Westminster Bank PLC; Natixis Funding Corp., f.k.a. Ixis Funding Corp., f.k.a. CDC Ixis Funding Corp., f.k.a. CDC Funding Corp.; Natixis SA, f.k.a. Ixis CIB, f.k.a. CDC Finance-CDC Ixis; The Goldman Sachs Group Inc.; Goldman Sachs Mitsui Marine Derivative Products LP; Goldman Sachs Bank USA, f.k.a. Goldman Sachs Capital Markets LP; General Electric Capital Corp.; GE Funding Capital Market Services Inc.; Trinity Funding Co. LLC; Trinity Plus Funding Co. LLC; Royal Bank of Canada; CDR Financial Products; Winters & Co. Advisors LLC; George K. Baum & Co.; Sound Capital Management Inc.; Investment Management Advisory Group Inc.; First Southwest Co.; PFM Asset Management LLC; PFM Investment LLC.

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