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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Government

The City of Los Angeles claims Bank of America and others defrauded it by rigging the bidding process for municipal derivatives, derived from sale of municipal bonds. A who's-who of the financial world makes up the list of defendants, including Bear Sterns and JP Morgan Chase. Click "Government" header to see the rest.

Here are the defendants: Bank of America, N.A.; Banc of America Securities, LLC; Bear, Stearns & Co.; UBS Ag; JP Morgan Chase & Co.; Lehman Brothers Inc.; Merrill Lynch & Co., Inc.; Morgan Stanley; Piper Jaffray & Co.; Wachovia Bank, N.A.; Citigroup, Inc.; AIG Financial Products Corp.; AIG SunAmerica Life Assurance Co., Inc.; Financial Security Assurance Holdings, Ltd.; Financial Guaranty Insurance Co.; AMBAC Financial Group, Inc.; MBIA, Inc., Rabobank Group; Salomon Smith Barney, Inc.; National Westminster Bank, Plc; GE Funding Capital Market Services, Inc.; Trinity Funding Co, LLC; Genworth Financial, Inc.; Security Capital Assurance, Inc.; Natixis, S.A.; XL Asset Funding, LLC; XL Life Insurance & Annuity Co.; CDR Financial Products; Feld Winters Financial LLC; Winters & Co. Advisors, LLC; Cain Brothers & Co., LLC; Natixis Funding Corp.; George K. Baum & Co.; Kinsell Newcomb & De Dios Inc.; Sound Capital Management, Inc.; Investment Management Advisory Group, Inc.; First Southwest Co.; Packerkiss Securities; Morgan Keenan & Co. Ltd.

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