“Here, the plaintiff has failed to allege any facts to show that the defendants engaged in parallel conduct that suggests the existence of a price-fixing conspiracy and each defendant’s participation in that conspiracy,” U.S. District Judge John G. Koeltl wrote in his memorandum opinion. “This kind of barebones group pleading of parallel conduct is insufficient.”
September 18, 2024 at 06:47 PM
2 minute read
The original version of this story was published on National Law Journal
A federal judge has dismissed an antitrust class action accusing Citigroup, Morgan Stanley and other global banks of inflating the prices of U.K. government bonds sold in the United States, ruling the plaintiffs have failed to allege a plausible price-fixing conspiracy.
U.S. District Judge John G. Koeltl of the Southern District of New York dismissed the complaint without prejudice, citing deficiencies in the lawsuit filed by an Oklahoma public pension fund.
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