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Under the terms of two separate agreements, Barclays Capital Inc. would pay $87 million, and the remaining 12 defendants agreed to a $250 million payment to the plaintiffs. Photo: Luke MacGregor/Bloomberg Under the terms of two separate agreements, Barclays Capital Inc. would pay $87 million, and the remaining 12 defendants agreed to a $250 million payment to the plaintiffs. Photo: Luke MacGregor/Bloomberg

Thirteen of the nation’s largest banks have agreed to pay a combined $337 million to settle a lawsuit by the Pennsylvania Treasury Department and a contingent of government agencies and pensions funds claiming that they had conspired to fix the price of bonds issued by Fannie Mae, Freddie Mac and other government-sponsored entities.

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Tom McParland

Tom McParland of New York Law Journal can be contacted at tmcparland@alm.com. Follow him on Twitter @TMcParlandALM.

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