By Francesca Freeman
MarketWatch, New York
Tuesday, March 11, 2014
A U.S. investment-management firm has filed a lawsuit against the five
banks that set the London benchmark gold price, alleging that the banks
conspired to manipulate the price of gold for their own gain.
Documents seen by The Wall Street Journal show that AIS Capital
Management, based in Connecticut, filed a class-action complaint late Monday
against Barclays PLC, Deutsche Bank, HSBC Holdings PLC, Bank of Nova Scotia,
and Societe Generale SA in the U.S. district court for the Southern District
of New York.
The suit is on behalf of AIS and other investors who held or traded gold
and gold derivatives that were settled based on the gold fix, or who held or
traded COMEX gold futures or options, from 2004 to present. ...
... For the complete story:
http://www.marketwatch.com/story/ais-files-cl...-against-gol...
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