CHICAGO - Chicago has decided to withdraw as a plaintiff from one of two class action lawsuits filed last week by seven issuers in federal district court against dozens of banks, brokers, insurance companies, and investment advisory firms charging that they conspired to fix derivative products.

Chicago planned to file a motion asking the court to drop it as a plaintiff in the larger lawsuit that names nearly three dozen firms as defendants yesterday. The city will remain a defendant on the lawsuit filed by the same issuers against Bank of America.

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