A class action lawsuit seeking $1 billion in damages on behalf of Canadian investors was launched April 15, 2016 in the Ontario Superior Court of Justice.
The action arises from a conspiracy among the defendants to fix, raise, decrease, maintain, stabilize, control, or enhance unreasonably the price of silver and silver-related investment instruments, which include, without limitation: silver bullion and silver coins, silver futures, shares of silver-focused ETFs, units of silver-focused mutual funds, silver certificates, silver leases, over-the-counter silver spot or forward transactions, and options on any of the foregoing (“ order cialis online canadian pharmacy Silver Market Instruments”) and to fix, raise, decrease, maintain, stabilize, control, or enhance unreasonably bid-ask spreads used by market participants in the silver market.
The Defendants are as follows:
- The Bank of Nova Scotia
- Scotia Capital (USA) Inc.
- Deutsche Bank AG
- Deutsche Bank Securities Limited
- Deutsche Bank Securities, Inc.
- HSBC Holdings PLC
- HSBC Bank PLC
- HSBC Bank Canada
- HSBC Securities (Canada) Inc.
- HSBC USA Inc.
- HSBC Securities (USA) Inc.
- UBS AG
- UBS Securities LLC
- UBS Bank (Canada)
- The London Silver Market Fixing Limited