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St. Louis police pension fund joins list of litigants saying big banks should pay for manipulating treasuries market

By Stephanie N. Grimoldby | Monday, Sep 28, 2015 @ 10:33am

The Police Retirement System of St. Louis has filed a federal class action lawsuit against nearly two dozen U.S. banks, claiming the institutions have been manipulating the U.S. Department of Treasury’s market since 2008, violating federal anti-monopoly and anti-trust statutes by sharing with each other competitively sensitive information to move prices in their favor, to the detriment of the class members.