Deutsche Bank to pay C$5.5 million to settle Canadian gold and silver market-rigging cases

Section:

2:18p ET Monday, February 11, 2019

Dear Friend of GATA and Gold:

Deutsche Bank has agreed to pay nearly C$5.5 million to settle class-action lawsuits in Canada accusing the bank of manipulating the gold and silver markets, according to the Toronto law firm representing the plaintiffs.

In e-mails sent to class members and statements posted on its internet site, the law firm, Sotos LLC, said Deutsche Bank "does not admit any wrongdoing or liability."

... Dispatch continues below ...


ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Deutsche Bank already has agreed to pay nearly US$100 million to settle similar class-action lawsuits in the United States:

https://www.reuters.com/article/us-deutsche-bank-settlement-gold-idUSKBN...

https://www.reuters.com/article/us-deutsche-bank-settlement-silver-idUSK...

The law firm said that if the settlement is approved by the Ontario Superior Court of Justice, the settlement funds, after payment of court-approved legal fees and disbursements, will be deposited into "an interest-bearing account for the benefit of the classes for distribution at a future date."

The law firm's summary of the gold and silver class-action settlement is posted at the Sotos internet site here:

https://sotosclassactions.com/wp-content/uploads/2019/02/Gold-and-Silver...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16