Suits Pile Up Over JPMorgan, HSBC Silver Claims

Law360, New York (December 17, 2010, 6:19 PM EST) -- As the U.S. Judicial Panel on Multidistrict Litigation mulls consolidating claims against JPMorgan Chase & Co. and HSBC Holdings PLC into one case, the banks are facing yet another proposed class action alleging they violated antitrust laws by manipulating the silver market and potentially reaped billions of dollars while keeping the price of silver artificially low.

The latest suit, filed Thursday in the U.S. District Court for the Southern District of New York, follows dozens of other proposed class actions making similar allegations that have been...
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