Two former bankers at an affiliate of General Electric Co. are contesting a Justice Department request that they pay $6.9 million in restitution for their role in a scheme to rig bids for municipal bond reinvestment contracts.

In court documents filed last week, lawyers for Steven Goldberg and Peter Grimm, who were found guilty of fraud and conspiracy by a jury in May and sentenced in October, argued their clients had limited financial resources and would struggle to pay the restitution requested by the government.

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