Deutsche Bank to pay C$5.5 million to settle Canadian gold and silver market-rigging cases

Deutsche Bank has agreed to pay nearly C$5.5 million to settle class-action lawsuits in Canada accusing the bank of manipulating the gold and silver markets, according to the Toronto law firm representing the plaintiffs.

In e-mails sent to class members and statements posted on its internet site, the law firm, Sotos LLC, said Deutsche Bank "does not admit any wrongdoing or liability."

https://www.reuters.com/article/us-deutsche-b...gold-idUSKBN...

https://www.reuters.com/article/us-deutsch...silver-idUSK...

The law firm said that if the settlement is approved by the Ontario Superior Court of Justice, the settlement funds, after payment of court-approved legal fees and disbursements, will be deposited into "an interest-bearing account for the benefit of the classes for distribution at a future date."

The law firm's summary of the gold and silver class-action settlement is posted at the Sotos internet site here:

https://sotosclassactions.com/wp-conten...d-and-Silver...