Barclays, HSBC, Scotiabank, Societe Generale urge judge to toss gold fixing suit

Barclays, Bank of Nova Scotia, HSBC and Societe Generale are urging a New York judge to dismiss a potentially sprawling class action litigation accusing the banks of manipulating the price of gold, arguing that the claims are not enough to sustain the action. As we noted last week, Deutsche Bank has agreed to settle the US lawsuits claiming it conspired with the other named banks to manipulate the price of gold and silver at investors' expense.

By Stewart Bishop (April 20, 2016, 11:04 PM EDT) -- Banks including the Bank of Nova Scotia, Barclays Bank PLC, HSBC Bank PLC and Societe Generale urged a New York federal judge Wednesday to quash sprawling class action litigation accusing them of manipulating the price of gold, saying conclusory claims aren't enough to sustain the action....

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