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Banks win dismissal of litigation alleging rigging of U.S. Treasury securities

NEW YORK, March 31 (Reuters) - A U.S. judge on Wednesday dismissed litigation accusing 10 large banks of conspiring to suppress competition in the multi-trillion dollar market for U.S. Treasury securities.

The decision by U.S. District Judge Paul Gardephe in Manhattan came in long-running litigation by 21 pension, retirement and benefit funds, as well as unions, banks, individuals, and companies that traded in Treasuries.

Reporting by Jonathan Stempel in New York Editing by Chris Reese

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