Commodity Exchange. Gold Futures & Options Trading Litigation Settlement
How it works?
- Company agreed to settle with investors to avoid further litigation
- We prepare documents and claim payout for you
Claim deadline for this case already passed by, but we can still try and file for compensation for you
S.D. New YorkCourt
01 Jan 2004Class period Start
30 Jun 2013Class period End
19 Apr 2022Claim deadline
The Group of Major Banks agreed to pay up to $152 million to settle a securities class action lawsuit to avoid further litigation.
The complaint alleged that Deutsche Bank AG, HSBC Bank plc, Barclays Bank plc, Société Générale SA, The Bank of Nova Scotia, and The London Gold Market Fixing Limited conspired to drive down the price of gold around the time of a daily, secret, and unregulated afternoon meeting.
Those who from January 1, 2004, through June 30, 2013, either (A) sold any physical gold or financial or derivative instrument in which gold is the underlying reference asset, or (B) bought gold put options in transactions conducted over-the-counter or in whole or in part on COMEX or on any other exchange operated in the United States, you may be eligible to receive a payment from pending Settlements.
American Precious Metals, Ltd.; Norman Bailey; Patricia Benvenuto; Michel de Chabert-Ostland; Compañía Minera Dayton, SCM; Edward R. Derksen; Frank Flanagan; Quitman D. Fulmer; Thomas Galligher; KPFF Investment, Inc.; Duane Lewis; Larry Dean Lewis; Kevin Maher; Robert Marechal; David Markun; Blanche McKennon; Kelly McKennon; Thomas Moran; Eric Nalven; Nando, Inc.; J. Scott Nicholson; Santiago Gold Fund LP; Albert Semrau; Steven E. Summer; Richard White; White Oak Fund LP; David Windmiller
BERGER & MONTAGUE, P.C., QUINN EMANUEL URQUHART & SULLIVAN, LLP
Deutsche Bank AG, HSBC Bank plc, Barclays Bank plc, Société Générale SA, The Bank of Nova Scotia
Court hearing date
05 August 2022
19 April 2022
24 June 2022
+$152,000,000Total Settlement Amount