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ARTICLE · 13 MAY 2024

Canadian SSA Bonds Class Action Settlement Reached

Siskinds LLP
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Settlements have been reached with Deutsche Bank, TD, Nomura, Credit Suisse, RBC, Barclays, BNP, Citigroup, and Credit Agricole (the "Settling Defendants")...

CanadaLitigation, Mediation & Arbitration
Siskinds LLP
Siskinds LLP
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TORONTO, May 4, 2024 /CNW/ – Settlements have been reached with Deutsche Bank, TD, Nomura, Credit Suisse, RBC, Barclays, BNP, Citigroup, and Credit Agricole (the "Settling Defendants") in a proposed class action relating to supranational, sovereign, sub-sovereign, governmental, quasi-governmental, and agency bonds or debt instruments regardless of the structure, currency, or credit quality (collectively referred to as "SSA Bonds").

The action alleges that, beginning at least as early as 2005 and continuing through 2015, the Defendants conspired with each other to fix prices in the SSA Bond market. The Defendants do not admit any wrongdoing or liability and disagree with the allegations in the lawsuit.

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