JPMorgan Denies Silver Manipulation Class Action Claims

Law360, New York (December 13, 2011, 3:15 PM EST) -- JPMorgan Chase & Co. on Monday moved to drop antitrust allegations that the investment bank conspired to manipulate the price of silver futures, saying the class of plaintiffs hadn’t demonstrated that JPMorgan had any role in manipulating the market.

In a motion to dismiss the class action consolidated in New York federal court, JPMorgan protested that its accusers had failed to present any conclusory evidence showing that the investment house had violated the Commodity Exchange Act by suppressing the price of silver for its own trading...
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