$70 Million Win, VRDO Inflation

HISTORIC SETTLEMENT AGAINST WALL STREET BANKS

One of our attorneys was part of the team representing a whistleblower in a series of cases exposing several Wall Street banks for engaging in a yearslong scheme to inflate municipal-bond rates. In 2023, one of these cases settled for $70 million, the largest recovery ever obtained under the Illinois False Claims Act of that state, and yielded the highest possible award for the whistleblower.