A judicial panel this week ordered the consolidation in a federal court in New York City of seven related class action lawsuits brought by a number of states and localities that allege Wall Street and other firms conspired in anti-competitive price fixing of municipal derivatives and guaranteed investment contracts.

The suits, which stem from parallel criminal and civil investigations that are underway by the Justice Department, the Securities and Exchange Commission, and the Internal Revenue Service, were consolidated in the U.S. District Court for the Southern District of New York on Monday by the Judicial Panel for Multidistrict Litigation, which resolves jurisdictional issues for civil suits filed in different federal courts.

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