Lowey Dannenberg represents investors in a class action lawsuit against Deutsche Bank AG, HSBC Holdings plc, Bank of Nova Scotia, UBS AG and related subsidiaries and affiliates, for manipulation of the London Silver Fixing (the “Silver Fix”), a global benchmark calculated daily and used to price silver and silver instruments. The case, In re: London Silver Fixing Ltd. Antitrust Litigation, case no 14-md-02573, has been filed in the United States District Court for the Southern District of New York and accuses the banks of profiting off of their manipulation at the expense of market investors. On April 13, 2016, the lead plaintiffs and Deutsche Bank AG and its affiliates executed a binding settlement term sheet to settle all claims of misconduct against Deutsche Bank for manipulation of silver markets. While the terms have yet to be formalized, the settlement include compensation for investors who held silver instruments affected by the alleged manipulation, and includes Deutsche Bank’s agreement to provide information that may assist in the prosecution of the remaining defendants.
If you transacted in silver and silver instruments on or after January 1, 1999 and believe you may have been affected by the manipulation of the Silver Fix please click here and a Lowey Dannenberg attorney will contact you to discuss your circumstances and determine whether you may be affected by this case and the settlement.