| 5/20/92 |
U.S.
v. Salomon Brothers Inc
Civil No.: 92 CIV 3700 (S.D.N.Y.)
A civil complaint was
filed in US District Court in New York, New York, charging Salomon
Brothers Inc of New York, New York, with conspiring, in violation
of Section 1 of the Sherman Act, with unnamed co-conspirators
to coordinate their trading activity in May 1993 two-year Treasury
notes in order to adversely affect prices and rates for the notes
in secondary and financing markets. A stipulation and final judgment
were also filed, which, if approved by the court, will settle
the suit. The judgment calls for Salomon Brothers Inc to pay $27,500,000.00,
plus the Additional Amount defined in the Civil Settlement Agreement
between Salomon Inc, Salomon Brothers Inc and the United States
Department of Justice dated May 20, 1992, upon entry of the judgment.
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