Bank of America agrees to pay restitution as the leniency applicant in DOJ investigation into bid-rigging in the municipal bond derivatives market | Practical Law

Bank of America agrees to pay restitution as the leniency applicant in DOJ investigation into bid-rigging in the municipal bond derivatives market | Practical Law

On 7 December 2010, as a condition of its participation in the US Department of Justice's (DOJ) Antitrust Corporate Leniency Programme, Bank of America agreed to pay US$137.3 million in restitution to federal and state agencies for its employees' participation in a conspiracy to rig bids in the municipal derivatives market.

Bank of America agrees to pay restitution as the leniency applicant in DOJ investigation into bid-rigging in the municipal bond derivatives market

by Practical Law
Law stated as at 07 Dec 2010 • USA (National/Federal)
On 7 December 2010, as a condition of its participation in the US Department of Justice's (DOJ) Antitrust Corporate Leniency Programme, Bank of America agreed to pay US$137.3 million in restitution to federal and state agencies for its employees' participation in a conspiracy to rig bids in the municipal derivatives market.