Reuters reports Blanchard''s success in case against Barrick and Morgan

Section:

Blanchard and Company Gold Manipulation Lawsuit
Versus Barrick Gold Corporation and J.P. Morgan Chase & Co.
Moves Into Discovery Phase

http://cbs.marketwatch.com/tools/quotes/newsarticle.asp?guid=
4358F699-FA4A-4C93-9671-9AAB3D67ADDB&siteid=mktw&dist=nbs&symb=

NEW ORLEANS, Sept. 9, 2003 (PRNewswire via COMTEX)
-- Blanchard and Co. Inc., the largest retail dealer
in physical gold in the United States, received word
today from the U.S. District Court for the Eastern
District of Louisiana that its case against Barrick
Gold Corp. and J.P. Morgan Chase & Co. may now move
into the discovery phase of the lawsuit.

The court denied defendants' motions to dismiss
Blanchard's complaint that Barrick and Morgan have
violated U.S. antitrust laws by unlawfully combining
to manipulate the price of gold and to monopolize
the market in gold. The antitrust lawsuit was
originally brought in December 2002.

In denying defendants' motions, the court stated:
"Here, in the extraordinary market for gold and
gold derivatives, consumers/investors are readily
injured by market participants with sufficient
market power to depress price."

Blanchard's CEO, Donald W. Doyle Jr., stated:
"The court's decision brings us one step closer to
obtaining justice for our clients, and for all gold
investors, who have been damaged by Barrick and
Morgan."

Having already served J.P. Morgan and Barrick with
its requests for production, Blanchard expects to
move into the discovery process immediately.

* * *

SOURCE Blanchard and Co. Inc.

Neal R. Ryan of Blanchard and Co. Inc.,
1-800-880-4653

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