BlueMountain, Citadel, Pimco subpoenaed on credit-swaps suit: DJ, citing sources


BlueMountain, Citadel, and Pimco received third-party subpoenas in an investor lawsuit about credit swaps, Dow Jones reported, citing sources.

The lawsuit alleges that banks and industry groups engaged in anticompetitive practices in the credit-derivatives market, the report said, noting that there are no allegations of wrongdoing on the part of those subpoenaed. The wire service also reported, citing its sources, that Depository Trust & Clearing Corporation received a subpoena in the investors' swaps lawsuit.

The lawsuit—which the report said was filed by retirement and pension funds—accuses 12 banks, Markit Group and the International Swaps and Derivatives Association of colluding against competitors, according to Dow Jones.

A Justice Department probe on credit swaps trading and information services remains open, Dow Jones reported, citing a spokesman.

For more on the lawsuit, see the full report from Dow Jones.

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