Banks win 'rate-rigging' dismissals

AOL Money Staff

A group of banks including Bank of America and JPMorgan Chase have won dismissal of most of the claims in private lawsuits that they rigged a key interest rate.

US District Judge Naomi Buchwald, sitting in New York, dismissed antitrust claims brought against the banks by a group of plaintiffs that included the City of Baltimore and some pension funds.%VIRTUAL-SkimlinksPromo%