The Allegheny County, Pa., Airport Authority plans by Tuesday to provide the U.S. Department of Justice with documents related to a $114.5 million auction-rate securities transaction done in 2002, including all agreements that pertain to CDR Financial Products Inc., its lawyer said yesterday.

In what appears to be tied to an ongoing nationwide investigation of anticompetitive practices in the muni market, the Justice Department's antitrust division subpoenaed the authority on May 6, requesting all documentation on the transaction, ranging from the search for professional services to the investment of bond proceeds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.