U.S. Predicts More Indictments in Municipal Bond Bid-Rigging Investigation @ Forex Factory

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U.S. Predicts More Indictments in Municipal Bond Bid-Rigging Investigation

CDR Financial Products Inc. and three of its employees aren’t entitled to early access to prosecution evidence in a U.S. antitrust investigation of the $2.8 trillion municipal bond market and more indictments are expected, a prosecutor told a federal judge in New York. Lawyers for the CDR defendants went to court yesterday to ask U.S. District Judge Victor Marrero to direct the government to give them early access to the evidence and identify material that might help clear their clients. Rebecca Meiklejohn, a lawyer with the Justice Department’s antitrust division, said the government’s investigation is still moving ahead. “This is a very expansive case,” Meiklejohn told Marrero.... Full Story

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Submitted Jul 31, 2010 8:44am

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