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RAGAR v. T. J. RANEY & SONS

No. LR-71-C-269.

388 F.Supp. 1184 (1975)

Thurman RAGAR and Marie A. Ferrara in behalf of themselves and all other owners of real property in the City of Pine Bluff, County of Jefferson, State of Arkansas, similarly situated, Plaintiffs, v. T. J. RANEY & SONS et al., Helen B. Raney et al., Executors of the Estate of Dallas P. Raney, Defendants.

United States District Court, E. D. Arkansas, W. D.

February 12, 1975.

Attorney(s) appearing for the Case

Thurman Ragar, Jr., Pine Bluff, Ark., for plaintiffs.

E. M. Arnold, Little Rock, Ark., for T. J. Raney & Sons and Stephens, Inc.

George E. Campbell, Little Rock, Ark., for Powell and Satterfield, Inc. and W. H. Satterfield.

MEMORANDUM OPINION

HENLEY, Chief Judge.

This private antitrust action seeks treble damages for an alleged conspiracy by several local investment banking firms to fix the interest rate to be charged on municipal bonds sold at public auction by the City of Pine Bluff, Arkansas, on November 23, 1971. The bonds, in the principal amount of $3,000,000.00 to be paid in thirty years, were to be used to finance construction of a convention center for the City of...

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