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In a victory for banks, a federal appeals court yesterday upheld the dismissal of a class action RICO and antitrust suit that accused 12 of the nation's largest banks of cheating consumers by conspiring to manipulate published prime rate indexes in order to fix and artificially inflate their prime rates, and by making misleading statements about loans offered at prime plus interest rates.
March 12, 2004 at 12:00 AM
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The original version of this story was published on The Legal Intelligencer
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