IN RE PLATINUM AND PALLADIUM ANTITRUST LITIGATION

  1. May 03, 2024

    Goldman Settles Decade-Old Metal-Rigging Class Action

    Goldman Sachs Group Inc. has settled a decade-old putative class action claiming the investment bank and others conspired to manipulate platinum and palladium market values, according to a Friday filing with the U.S. Securities and Exchange Commission.

  2. March 30, 2020

    Traders' Platinum, Palladium Antitrust Claims Nixed For Now

    A New York federal judge has knocked out all claims from a proposed class action alleging that several banks conspired to deflate the market value of platinum and palladium, ruling Sunday that the plaintiffs are not "efficient enforcers" because they had no direct dealings with the banks.

  3. March 29, 2017

    Traders' Platinum And Palladium Antitrust Suit Trimmed

    A New York federal judge trimmed most of the defendants and claims from a proposed class action alleging several banks conspired to deflate the market value of platinum and palladium, ruling Tuesday that several of the banks weren't subject to U.S. jurisdiction and that the proposed stockholder class was too broad to have antitrust standing.

  4. October 31, 2016

    Investors Scoff At Bank's 2nd Circ. Terrorism Ruling Citation

    ICBC Standard Bank "strains to argue" that a Second Circuit decision tossing an antitrust suit over terrorist attacks in Israel is anything like their suit claiming the British bank fixed platinum and palladium prices, a proposed class of commodities investors told a New York federal judge Friday.

  5. October 25, 2016

    Investors Mine Gold, Silver Rulings In Platinum Suit

    Investors accusing Goldman Sachs, HSBC and others of fixing the prices of palladium and platinum fired back Monday at bank attempts to dismiss their claim that recent decisions in similar gold and silver price-fixing suits show they have standing to bring their class action case.

  6. November 17, 2015

    Metals Investors Rip Bid To Dismiss London Price-Fixing Suit

    Investors accusing Goldman Sachs, HSBC and others of scheming to suppress the prices of palladium and platinum in the London metals market urged a New York federal judge on Monday not to dismiss their proposed class action, arguing that they've uncovered "hugely suspicious" pricing data.

  7. September 22, 2015

    Banks, Metal Groups Look To Escape Price-Fixing Case

    Goldman Sachs Group Inc., BASF Corp. and others have urged a New York federal court to toss an investor class action alleging they conspired to fix the prices of palladium and platinum on the London market, saying the various antitrust and commodities market manipulation claims lack viability.

  8. July 16, 2015

    London Metals Group Asks Out Of Price-Fixing Class Action

    A London-based platinum and palladium trading group urged a Manhattan federal judge Wednesday to dismiss it from an investor class action alleging it conspired with banks to fix the prices of metals trading on the London market, saying the U.S. court doesn't have personal jurisdiction over the industry organization.

  9. June 23, 2015

    Goldman Says Investors Lack Proof Of Metal Price-Fixing

    Goldman Sachs Group Inc. and other banks trading palladium and platinum on the London market told a New York federal court Monday that investors in a consolidated class action offered not a shred of evidence the banks colluded to fix the metals' prices for seven years.

  10. November 25, 2014

    Goldman Hit With More Metal-Rigging Claims

    A putative class on Tuesday added to allegations that Goldman Sachs Group Inc. and others unfairly pulled strings in metals markets with a suit that says the bank fixed prices in platinum and palladium, in what plaintiffs firm Labaton Sucharow LLP called the first nationwide suit over those metals.

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