August 24, 2017

A Manhattan federal court judge on Thursday approved three law firms to lead a class-action lawsuit accusing Wall Street banks of rigging the US Treasury.

The move by Judge Paul Gardephe comes more than a year after the last hearing in the case.

Quinn Emmanuel, Cohen Milstein and Labaton Sucharow will act as co-lead counsel, the judge ruled.

The potentially lucrative suit accuses 26 banks and financial firms, including Goldman Sachs, of manipulating the auctions that sell US debt.

The order came just days after The Post published an article on lawyers grousing about the year-long stretch since the last hearing in the case.

The lawyers called the period of near inactivity “unprecedented.” The designation of the lead law firms was an important step in having the case move forward.

Goldman has been the focus of a Justice Department probe into the alleged rigging.

Washington is scrutinizing chats sent to traders at Deutsche Bank, Royal Bank of Scotland, UBS, BNP Paribas, and Morgan Stanley, The Post has reported.

The full article can be viewed here.