July 20, 2022
The Second Circuit on Wednesday upheld the dismissal of a lawsuit alleging that Bank of America Corp. and Morgan Stanley & Co. LLC harmed other market participants when their employees spoofed trades for certain precious metals, ruling that the plaintiffs couldn't prove that any of the trades they made were affected by the banks' practices.
March 03, 2022
A group of investors claiming big banks colluded to rig corporate bond prices will seek to revive their proposed class action, after the New York federal judge who dismissed the case recused himself because his wife owns stock in one of the defendants, Bank of America.
February 25, 2022
A New York federal judge who freed Bank of America and other financial institutions from a consolidated shareholder class action over alleged spoofing in the precious metals futures market should have recused himself from the case because his wife owned Bank of America stock, according to a Friday letter from a court clerk.
March 04, 2021
A New York federal judge on Thursday threw out a consolidated shareholder lawsuit against Bank of America, Morgan Stanley and two former Merrill Lynch traders over alleged spoofing in the precious metals futures market, ruling that the shareholders waited too long to bring their claims.
January 14, 2020
Bank of America, Morgan Stanley and two former Merrill Lynch traders said Monday that a consolidated shareholder lawsuit over alleged spoofing in the precious metals futures market was filed well after its claims became time-barred.
September 13, 2019
A New York federal judge on Friday appointed Lowey Dannenberg PC and Scott & Scott Attorneys at Law LLP to lead a consolidated shareholder lawsuit alleging banks including Bank of America Corp. engaged in spoofing in an effort to manipulate precious metals futures.
June 27, 2019
Merrill Lynch, Bank of America, Morgan Stanley and two individual traders manipulated market prices for gold, silver, platinum and palladium using a tactic known as spoofing over a period of six years, two hedge funds allege in a proposed class action filed Thursday in New York federal court.