WASHINGTON — A federal judge in Manhattan has refused to dismiss class action claims filed by local governments alleging that Wells Fargo & Co. and 15 other banks, broker-dealers and investment brokers conspired to rig bids and fix prices of guaranteed investment and derivatives contracts in the municipal market.
Judge Victor Marrero, of the U.S. District Court for the Southern District of New York, denied the firms’ motion for dismissal in a 57-page order issued Thursday and ordered the parties to appear at a pretrial conference on April 30.
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