August 09, 2022
A New York federal judge awarded $16.6 million in attorney fees and granted final approval on Tuesday to a $50 million deal between Barclays Bank PLC, Scotiabank, Societe Generale, London Gold Market Fixing Ltd. and gold traders to resolve claims that the banks conspired to illegally fix prices on the gold market.
June 27, 2022
An investor suing Scotiabank for alleged precious metals futures spoofing is objecting to a proposed $50 million settlement that would end a separate gold price-fixing case against the bank and other financial institutions, telling a New York federal judge that the deal's release of claims should be narrowed.
November 12, 2021
Barclays Bank PLC, Scotiabank, Societe Generale and the London Gold Market Fixing Ltd. agreed to pay $50 million to end claims that they illegally fixed prices on the gold market, the putative class of gold traders told a New York federal court Friday.
December 08, 2020
HSBC Bank investors and traders asked a New York federal judge to preliminarily approve a $42 million deal to settle class action claims that the bank was one of several to engage in illegal price-fixing of the gold market.
May 06, 2019
Though a New York federal judge is letting two of the four banks on the line in a gold price-fixing suit redact customer data from discovery production, the ruling applies only to certain documents and shoots down a sweeping bid for mass redaction.
April 02, 2019
A group of major international banks facing claims that they manipulated the benchmark price of gold have told a New York federal judge there's no reason to let the gold sellers lodging the accusations put off an order mandating they turn over the expert reports behind their claims.
February 01, 2019
Gold sellers urged a New York federal court on Thursday not to allow Barclays Bank, HSBC Bank and other international banks they have accused of manipulating the benchmark price of gold to redact customer names from its discovery productions.
February 16, 2018
UBS AG has told a New York federal court that the U.S. Commodity Futures Trading Commission's consent order fining the Swiss bank $15 million over alleged spoofing does not bolster gold sellers' claims that UBS was part of a conspiracy to manipulate a benchmark price of gold.
February 14, 2018
A group of gold sellers told a New York federal judge Tuesday that a recent Commodity Futures Trading Commission sanctions order against UBS AG shows the Swiss bank should not be allowed to escape a suit accusing a group of international banks of manipulating the benchmark price of gold.
November 14, 2017
Gold sellers accusing several major global banks of taking part in a conspiracy to manipulate a benchmark price for the precious metal urged a New York federal judge on Monday not to toss their claims against UBS AG, arguing that the Swiss banking giant has "presented no proper basis for dismissal."