You are here
Federal judge lets traders combine cases accusing JPMorgan of rigging monetary metals markets
By Dawn Giel
CNBC, New York
Thursday, February 7, 2019
A group of traders from across the U.S. who allege that JPMorganChase manipulated precious metals markets for years are one step closer to bringing a class-action suit against the nation's largest bank.
Earlier this month a federal judge said five lawsuits making similar allegations against the bank could be combined, potentially including thousands of people who traded in the precious metals market from January 2009 through December 2015.
... Dispatch continues below ...
Goldco Is America's No. 1 Gold IRA Provider
Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.
Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.
To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:
Litigation in a separate civil case has been put on hold until at least May at the behest of the Justice Department, which is investigating a "related criminal case" that involves alleged market manipulation by precious metals traders at JPMorgan.
JPMorgan declined to comment on this story.
Judge John Koeltl of the Southern District of New York appointed the White Plains, N.Y., law firm Lowey Dannenberg as interim lead counsel for the proposed class action. ...
... For the remainder of the report:
https://www.cnbc.com/2019/02/07/federal-judge-tells-traders-they-can-com...
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
