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municipal bond

A Bank of America logo is seen on the entrance to a Bank of America financial center in New York City in 2023
Apr 20, 2026

Supreme Court rejects bank challenge to $12B municipal bond class action

The U.S. Supreme Court declined on Monday to hear a bid by several major financial institutions to prevent cities from banding together in a $12B class action accusing them of artificially inflating interest rates on a popular municipal bond.

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