HSBC, Scotiabank say silver price-fixing complaint is flimsy

HSBC and the Bank of Nova Scotia, along with two others, have slammed the allegations that they conspired to rig the price of silver, arguing to a New York judge that the plaintiffs have had three chances already to base their allegations in fact, but have failed; they have not pleaded "a single fact" in any of their three complaints that support their allegations against the banks.

By John Kennedy (April 18, 2016, 11:09 PM EDT) -- HSBC Bank PLC and the Bank of Nova Scotia on Monday slammed a complaint accusing them, along with two others, of fixing the price of silver, telling a New York federal judge that the plaintiffs have had three chances to base their allegations in fact, but have failed....

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