Now Traders Get to Tell the Jury: Look, We're All Lying

  • Retrial, new cases promise to illuminate debt-market practices
  • Lawyers can show bond-market fibs common, appellate court says

The United States District Court Southern District of New York.

Photographer: TIMOTHY A. CLARY/AFP/Getty Images

The U.S. government is moving ahead with more than a dozen criminal and civil cases it has been preparing against bond traders, characterizing a loss in an appeals court on Tuesday as a broader affirmation of its pursuit of fraud.

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