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Price Rigging of Metals by Major Banks Class Action
Investigating a class action against major banks for rigging of the precious-metals markets. The U.S. Justice Department’s antitrust division is investigating the price-setting process for gold, silver, platinum and palladium. Until last year, prices for gold, silver, platinum and palladium were set using a decades-old practice of once- or twice-a-day conference calls between a small group of banks. The process for setting each of the price “fixes” has since been overhauled. If you are an investor or trader who purchased gold, silver, platinum and/or palladium from a major bank, please contact us. |
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