UBS is dismissed in U.S. silver lawsuit, other claims narrowed
By GCRU Gold News on Thursday, October 6 2016, 00:27 - Permalink
A U.S. judge has dismissed UBS Group AG (UBSG.S) as a defendant in a lawsuit accusing big banks of conspiring to fix silver prices and exploit price distortions at investors' expense.
In a decision made public on Tuesday, U.S. District Judge Valerie Caproni in Manhattan also said investors may pursue some but not all antitrust and manipulation claims against Bank of Nova Scotia ("ScotiaBank") (BNS.TO) and HSBC Holdings Plc (HSBA.L).
Deutsche Bank AG (DBKGn.DE) settled related claims in April, and the investors plan soon to seek preliminary approval of a settlement, their lawyer Vincent Briganti said on Wednesday. Terms have not been disclosed.