Article: Boston pension fund accuses big banks of manipulating U.S. securities

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Boston pension fund accuses big banks of manipulating U.S. securities

Greg Ryan

Boston Business Journal, 24 July 2015

The city of Boston’s pension fund has sued more than 20 of the world’s largest financial companies, claiming they conspired to alter the prices of U.S. Treasury securities they sold to the fund and other investors across the country.

The lawsuit, which was filed in New York federal court on Thursday, targets Merrill Lynch, Goldman Sachs, Morgan Stanley, and Citigroup Global Markets, among other dealers of the securities.

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