Another law firm’s files precious metals lawsuit
Adam Pike, News Editor
21 Apr 2016, 9:53 a.m.
As the silver price soars so do the number of lawsuits accusing the world’s bullion banks of manipulating the silver price.
Yesterday lawyers acting on behalf of Canadian investors filed a class action lawsuits in the Ontario Superior Court of Justice. ScotiaMocatta, Barclays, Deutsche Bank, SBC Securities, UBS and Societe Generale have all be named in the suit.
This is this the second lawsuit to be filed in Canada since December and is separate from the two recently filed in U.S. courts. Last week Deutsche bank admitted to rigging the silver fix and confirmed they would help other plaintiff’s pursue claims against other financial institutions. Deutsche Bank’s blowing the whistle on their banking buddies and providing emails and instant messages should be both interesting and amusing.
Is it a coincidence that the silver price has soared 6.36% since the Deutsche Bank story broke 7 days ago?