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.
If approved, it would bring total settlements in the private antitrust litigation to $386.5 million, following previous agreements with three other banks.
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