SSA lawsuit may be first of many

摘要

At least four more law firms may be lining up to sue a group of five banks for alleged collusion in bond trading, following a lawsuit brought by a US pension fund last week. Boston Retirement System filed the lawsuit against Bank of America Merrill Lynch, Credit Agricole, Credit Suisse, Deutsche Bank and Nomura for alleged collusive activities to fix the prices of sovereign, supranational and agency bonds. The action is being brought on behalf of Boston Retirement itself and "all others similarly situated", according to the lawsuit's documentation.