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London gold fix lawsuits to be consolidated in New York

Section: Daily Dispatches

By Andrew Longstreth
Reuters
Wednesday, August 13, 2014

A federal judicial panel on Wednesday ordered that 18 lawsuits alleging a conspiracy to manipulate gold prices be consolidated into one proceeding in New York.

The cases will be sent to U.S. District Judge Valerie Caproni in Manhattan, who has already been overseeing more than two dozen cases.

The lawsuits name the multinational banks that make up the London Gold Market Fixing Ltd, the company operating the global gold price benchmark known as the 'fix.' ...

... For the remainder of the report:

http://www.reuters.com/article/2014/08/13/usa-gold-lawsuits-idUSL2N0QJ29...



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