Barclays plc this week joined an elite but unhappy club of major banks that have been unable to shake antitrust claims by a onetime partner at Greenberg Traurig, Pillsbury Winthrop Shaw Pittman, Cadwalader, Wickersham & Taft and (before their collapse) Dreier LP and Dewey & LeBoeuf.
In a state court ruling issued Tuesday, Justice Marcy Friedman in Manhattan refused to dismiss allegations that Barclays conspired with other banks to snub an innovative cost-saving structure for airport infrastructure bonds that was patented nearly a decade ago by ex-big firm structured finance partner Linda Grant Williams. Williams, who now maintains a small practice in Westchester County, is represented by Los Angeles litigator Michael Bowse of Browne George Ross.
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