Several lawsuits filed earlier this year accusing some of the world’s largest banks of colluding to manipulate the price of silver have been consolidated in New York, say reports.
Deutsche Bank, Bank of Nova Scotia and HSBC are accused of violating antitrust law by abusing their position on the silver fix board, which sets the price of silver once a day. Several price-fixing lawsuits filed since July against the banks were consolidated in Manhattan federal court on Tuesday at the request of both sides.
According to reports, the US Judicial Panel on Multidistrict Litigation handed the newly consolidated case to US District Judge Valerie Caproni, who is already overseeing ongoing litigation accusing lenders of manipulating gold prices.
Full content: Daily Mail
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Hess Shareholders Approve $53 Billion Merger with Chevron
May 28, 2024 by
CPI
EU Regulators Engage with Telegram as App Nears Critical Usage Threshold
May 28, 2024 by
CPI
EEX Offers Remedies to Address EU Antitrust Concerns Over Nasdaq Deal
May 28, 2024 by
CPI
BRG Expands European Competition Practice with New Expert Team in Brussels
May 28, 2024 by
CPI
UK Law Empowers Regulators to Fine Big Tech Without Court Approval
May 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI