Some of the biggest banks being hit with anti-trust suit over interest rate swaps

Some of the largest banks, including Bank of America, Citigroup and JP Morgan, were hit with an anti-trust class action on Wednesday from a Chicago police pension fund, The Policemen's Annuity and Benefit Fund of Chicago, over allegations the banks stole billions from interest rate swaps buyers by working together to unlawfully push down competition. 

By Hannah Sheehan (May 5, 2016, 4:08 PM EDT) -- Over a dozen major banks, including Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co., were hit in Illinois federal court Wednesday with a putative antitrust class action from a Chicago police pension fund for allegedly stealing billions from interest rate swaps buyers by working together to unlawfully tamp down competition....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

Access to case data within articles (numbers, filings, courts, nature of suit, and more.)

Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.

Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS