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2nd Circ. Won t Revive Market-Rigging Suit Against Big Banks
Law360 (July 19, 2021, 8:42 PM EDT) The Second Circuit on Monday affirmed a partial final judgment dismissing antitrust claims lodged by investors who alleged that Citigroup, Barclays, Credit Suisse and others rigged the market for bonds issued by foreign governments, finding that the investors cast a net so wide that their claims are implausible.
In its summary order, the panel rejected claims brought by the Alaska Department of Revenue, the Alaska Permanent Fund Corp. and the Iron Workers Pension Plan of Western Pennsylvania accusing the financial institutions of a continuous and ongoing conspiracy to collude with one another in the secondary market for U.S. dollar-dominated SSA bonds..
Amnesty tries to force Israeli private intelligence firm out of the shadows - Business & Human Rights Resource Centre
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Exclusive: $2 3 Trillion of US Investments in China Are Dragging Down America
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Alaska House fails key vote affecting dividend, programs
By BECKY BOHRERJune 16, 2021 GMT
JUNEAU, Alaska (AP) The Alaska House late Tuesday passed a state budget that would result in a $525 dividend to residents this year and leave in doubt funding for a number of programs and infrastructure projects after it failed to garner sufficient support on a key vote.
House leaders left open the potential for continued talks or even possibly another vote as the special session neared its end. Special sessions can last up to 30 days. That limit would be reached on Friday.
“We’re gonna look for a resolution that we can all live with and be happy with, and the people of Alaska will be very grateful to us,” said House Speaker Louise Stutes, a Kodiak Republican.
$4B Perm Fund shift to proceed
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