A federal judge in Manhattan has refused to dismiss lawsuits four California issuers filed against Wells Fargo & Co., JPMorgan, and other banks, broker-dealers, and investment brokers, charging they conspired to rig bids and fix prices of guaranteed investment and derivatives contracts in the municipal market.

Judge Victor Marrero, of the U.S. District Court for the Southern District of New York, denied the firms’ motion for dismissal in an 18-page order late Monday that was released yesterday.

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