The city of Charleston is set to receive $10,000 following the state attorney general's settlement of an anti-trust lawsuit against a German bank.
Attorney General Patrick Morrisey issued a press release Thursday announcing the settlement with Bayerische Landesbank (BLB).
"The settlement resolved allegations that BLB engaged in unscrupulous business practices with several West Virginia entities. The lawsuit alleged BLB participated in a rigged bid system, which manipulated rates associated with bonds in hopes of getting a favorable percentage," according to the release.
BLB was one of 20 banks sued by the attorney general's office for suspected violations of the Sherman Antitrust Act and the state Antitrust Act, the release states.
The city of Martinsburg, the Cabell County Board of Education, the Wood County Board of Education, Fairmont State University, the West Virginia University Board of Governors and the state's Water Development Authority also received portions of the settlement.