Silver Investors Slam DOJ Discovery Halt In Price-Fixing MDL

Law360, New York (February 1, 2017, 3:42 PM EST) -- Silver investors accusing major banks of price-fixing urged a New York federal court in a document posted Tuesday to forgo the U.S. Department of Justice's proposed one-year discovery stay, asking the court to strike a compromise to "better balance the governmental and private interests at stake."

In a heavily redacted document dated Jan. 19 but posted Tuesday, the investors asked to keep open broader discovery in their consolidated proposed class action against banks including HSBC and The Bank of Nova Scotia, saying the DOJ's timeline to accommodate its criminal investigation would severely hamper the present multidistrict litigation.

"The DOJ does not...

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