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U.K.-based class action planned against worldwide gold and silver rigging

Section: Daily Dispatches

9:16p ET Saturday, February 4, 2017

Dear Friend of GATA and Gold:

A British law firm, Leon Kaye Solicitors, with offices in London, Portugal, and Spain, is contemplating bringing a class-action lawsuit under the United Kingdom's Competition Act against financial institutions suspected or already accused of manipulating the gold and silver markets. The firm is seeking contact with investors who believe they may have been harmed by such manipulation.

To the best of GATA's knowledge, similar lawsuits have been brought so far only in the United States and Canada, and it would be a shame to give crooked gold and silver traders and bullion banks a pass in London, which remains the center of metals trading. It appears that people living outside the United Kingdom can become plaintiffs there.

With luck discovery and deposition in all these lawsuits eventually may expose and incriminate central banks in the market rigging, as they commonly intervene in the markets through intermediary financial houses.

Information about the possible class action in the U.K. is posted at the Leon Kaye Solicitors internet site here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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