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SSA Bond Price-Fixing Investigation

Gustafson Gluek PLLC is investigating allegations that certain banks and traders have engaged in collusive activities to fix the prices of supranational, sub-sovereign, and agency bonds denominated in various currencies (“SSA bonds”). The SSA bond market is valued at over $9 trillion, and investors typically invest in SSA bonds because they are considered low-risk investments. Recent allegations claim that certain banks, which are some of the world’s largest dealers of SSA bonds, colluded to increase the prices investors paid for SSA bonds or to decrease the prices at which investors sold bonds to these banks. The banks implicated in the recent allegations are Bank of America, N.A., Bank of America Merrill Lynch International Ltd., Credit Agricole Corporate and Investment Bank, Credit Suisse AG, Deutsche Bank AG, and Nomura International Plc. Allegations also implicate the following individual traders: Hiren Gudka, Amandeep Singh Manku, Shailen Pau, and Bhardeep Singh Heer.

If you purchased or sold SSA bonds in the secondary market directly from one of the above banks or traders since 2005, you may have been financially injured by collusive conduct. If you would like to discuss your options, call us or contact us online via the form below.

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