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• Bank of America, N.A.'
<br />Provid_ er
<br />Aw i
<br />- _ �g:
<br />• AIG Finaricial Products Corp.
<br />• Financial Security Assurance Holdings, Ltd.
<br />• Financial Security Assurance, Inc.
<br />• JP Morgan Chase & Co., J.P. Morgan Securities, Inc.
<br />(n/k/a J.P. Morgan Securities LLC) and Bear Stearns &
<br />Co., Inc. (n/k/a/ J.P. Morgan Securities LLC)**
<br />• Mor-aan Stanlev*
<br />• GE Funding Capital Market Services, Inc., Trinity Funding
<br />Co., LLC and Trinity Plus Funding Co., LLC'
<br />• Lehman Brothers
<br />• SunAmerica Life Assurance Co.
<br />• MG Financial Products Corp.
<br />• Wachovia Bank, N.A. (n/k/a Wells Fargo Bank, N.A.)—
<br />• XL Asset Funding Co. I, LLC
<br />• XL Capital Ltd.
<br />• XL Life Insurance & Annuity, Inc.
<br />_.
<br />_ _ Alleged_ Broker Defersda_ rits
<br />• CDR Financial Products - -
<br />• Sound Capital Management, Inc.
<br />• Investment Management Advisory Group, Inc. Winters & Co. Advisors, LLC
<br />.e
<br />t _ 'Broker d
<br />• Feld Winters Financial LLC Mesirow Financial
<br />• First Southwest Company•Morgan Keegan & Co., Inc.
<br />• Kinsell Newcomb & De Dios Inc. PackerKiss Securities, Inc.
<br />* On November 23, 2011, the Court approved the Plaintiffs'settlement with Morgan Stanley.
<br />** On December 14, 2012, the Court approved the Plaintiffs'settlement with Wells Fargo/Wachovia and JPMorgan.
<br />On June 6, 20,14, the Court approved the Plaintiffs'settlement with Bank of America and GE Funding Capital Market Services.
<br />claims are the
<br />The Class Representatives claim that the Defendants violated federal antitrust laws by conspiring to fix, maintain or stabilize
<br />the price of municipal derivative transactions and by rigging bids and allocating customers and markets for municipal derivative
<br />transactions in the United States. Municipal derivative transactions are defined as financial products used by issuers of tax-exempt
<br />municipal bonds (such as states, cities, counties, or their agencies, and tax-exempt, non-profit private entities) to invest the money
<br />received from such bond offerings while they are waiting to spend it or to hedge or manage the interest rate risk associated with
<br />such bond offerings. Municipal derivative transactions come in many varieties. Some of the more common types are:
<br />• Guaranteed investment contracts • "Swaptions" (a combination of a swap and an option)
<br />• Interest -rate 'swaps • Interest -rate floors
<br />• Options • Collars
<br />By this lawsuit, the Class Representatives are seeking compensation from the Defendants for these claimed violations,
<br />alleging that the Defendants' conduct restrained, suppressed or eliminated price competition for municipal derivative
<br />transactions, causing the members of the Class to receive lower returns on municipal derivative transactions than they would
<br />have received abs nt Defendants' alleged conduct.
<br />Each Defendant has denied and continues to deny (1) each and all of the claims and allegations of wrongdoing made by Class
<br />Plaintiffs in the Action and maintains that it has meritorious defenses; (2) all charges of wrongdoing or liability against it arising
<br />out of any of the conduct, statements, acts, or omissions alleged, or that could have been alleged, in the Action, and contends
<br />that the factual allegations made in the Action relating to it are materially inaccurate; and (3) that Class Plaintiffs or any Class
<br />Member were harmed by any conduct of Defendant alleged in the Action or otherwise. Each Defendant agreed to enter into
<br />this Agreement solely to avoid further the expense, inconvenience, and the distraction of burdensome and protracted litigation.
<br />{... is there a Set4ment.> _
<br />The Settlements, if approved, will resolve the remaining claims in the Class litigation. The Court has not decided in favor of
<br />either the Plaintiffs or UBS AG, Societe Generale S.A., Natixis Funding Corp., Piper Jaffray & Co., National Westminster
<br />Bank Plc, or George K_ Baum & Co. Instead, all sides have agreed to the Settlements, which are separate agreements between
<br />the Class Representatives and, respectively, UBS AG, Societe Generale S.A., Natixis Funding Corp., Piper Jaffray & Co.,
<br />National Westminster Bank Plc, and George K. Baum & Co. That way, all sides avoid the cost and risk of continuing the case. 68
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