Here’s a big bucks case to watch: Cohen Milstein Sellers & Toll and Quinn Emanuel Urquhart & Sullivan teamed up to file as class action against the nation’s biggest banks on behalf of the Chicago Public School Teachers’ Pension and Retirement Fund.
In an 88-page complaint filed Wednesday in Manhattan federal court, the powerhouse plaintiffs sued Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, the Royal Bank of Scotland, UBS and others for conspiring to engineer and maintain an anti-competitive stranglehold over the market for interest rate swaps.
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