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IN RE PLATINUM AND PALLADIUM ANTITRUST LITIGATION

  1. December 03, 2024

    Investor Attys Seek $6.6M Cut Of $20M Metal Price-Fixing Deal

    Attorneys for investors settling platinum and palladium price-fixing claims against Goldman Sachs and others for $20 million have asked a New York federal judge to award them fees equivalent to a third of the settlement amount, or more than $6.6 million, a below-lodestar request that they said is, "clearly, not a windfall situation."

  2. August 26, 2024

    Banks' $20M Platinum Traders Antitrust Deal Gets Initial OK

    A New York federal judge preliminarily approved Saturday a $20 million deal to resolve a nearly decade-old putative class action alleging Goldman Sachs, German industrial company BASF and two other banks fixed platinum and palladium prices.

  3. May 03, 2024

    Goldman Settles Decade-Old Metal-Rigging Class Action

    Goldman Sachs Group Inc. has settled a decade-old putative class action claiming the investment bank and others conspired to manipulate platinum and palladium market values, according to a Friday filing with the U.S. Securities and Exchange Commission.

  4. March 30, 2020

    Traders' Platinum, Palladium Antitrust Claims Nixed For Now

    A New York federal judge has knocked out all claims from a proposed class action alleging that several banks conspired to deflate the market value of platinum and palladium, ruling Sunday that the plaintiffs are not "efficient enforcers" because they had no direct dealings with the banks.

  5. March 29, 2017

    Traders' Platinum And Palladium Antitrust Suit Trimmed

    A New York federal judge trimmed most of the defendants and claims from a proposed class action alleging several banks conspired to deflate the market value of platinum and palladium, ruling Tuesday that several of the banks weren't subject to U.S. jurisdiction and that the proposed stockholder class was too broad to have antitrust standing.

  6. October 31, 2016

    Investors Scoff At Bank's 2nd Circ. Terrorism Ruling Citation

    ICBC Standard Bank "strains to argue" that a Second Circuit decision tossing an antitrust suit over terrorist attacks in Israel is anything like their suit claiming the British bank fixed platinum and palladium prices, a proposed class of commodities investors told a New York federal judge Friday.

  7. October 25, 2016

    Investors Mine Gold, Silver Rulings In Platinum Suit

    Investors accusing Goldman Sachs, HSBC and others of fixing the prices of palladium and platinum fired back Monday at bank attempts to dismiss their claim that recent decisions in similar gold and silver price-fixing suits show they have standing to bring their class action case.

  8. November 17, 2015

    Metals Investors Rip Bid To Dismiss London Price-Fixing Suit

    Investors accusing Goldman Sachs, HSBC and others of scheming to suppress the prices of palladium and platinum in the London metals market urged a New York federal judge on Monday not to dismiss their proposed class action, arguing that they've uncovered "hugely suspicious" pricing data.

  9. September 22, 2015

    Banks, Metal Groups Look To Escape Price-Fixing Case

    Goldman Sachs Group Inc., BASF Corp. and others have urged a New York federal court to toss an investor class action alleging they conspired to fix the prices of palladium and platinum on the London market, saying the various antitrust and commodities market manipulation claims lack viability.

  10. July 16, 2015

    London Metals Group Asks Out Of Price-Fixing Class Action

    A London-based platinum and palladium trading group urged a Manhattan federal judge Wednesday to dismiss it from an investor class action alleging it conspired with banks to fix the prices of metals trading on the London market, saying the U.S. court doesn't have personal jurisdiction over the industry organization.

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