Today, six banks, including UBS AG, Societe Generale SA and Natixis Funding Corp., have agreed to pay more than $100 million to settle private class action claims that they fixed prices and rigged bids for municipal derivatives, signaling a potential end to the multidistrict litigation in the area.
Under the proposed settlement, UBS will pay the largest portion, believed to be approximately $32 million, followed by Natixis, which has agreed to pay approximately $28.5 million. Societe Generale will reportedly pay $25.4 million.
The stock market attorneys at Colling Gilbert Wright & Carter have decades of combined experience helping victims of unscrupulous brokers get justice. To schedule your free consultation or to learn more about your rights, please contact us online or by calling (407) 712-7300 today. Located in Florida, our FINRA attorneys represent victims of fraud throughout the United States.