SILVER MANIPULATION CLASS ACTION SUIT: NAMES JP MORGAN & HSBC

http://marketshorter.com/index.php?option=com_content&view=arti...

 

STEVENSON, MD--(Marketwire - January 5, 2011) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of a class that includes purchasers and sellers of the iShares Silver Trust (NYSE Arca: SLV) and the ETF Securities Ltd. Silver Trust (NYSE Arca: SIVR) during the period March 1, 2008 through the present (the "Class Period"). The case is also brought on behalf of investors who purchased or sold CME Group Inc's "COMEX" silver futures or options contracts which are traded electronically through the Chicago-based "GLOBEX" platform and through COMEX.

No class has yet been certified in the above action. As to certain of the claims, members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than February 25, 2011 and be selected by the Court. The lead plaintiff will direct certain aspects of the litigation and participate in important decisions including whether to accept a settlement as to certain claims and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest interest in the outcome of the litigation. 

The complaint alleges that defendants, JP Morgan Chase & Co., the custodian of silver backing SLV securities and the sub-custodian of silver backing SIVR securities, and HSBC, the custodian of silver backing the SIVR securities, manipulated and suppressed the price of silver bar financial products, including SLV and SIVR, in violation of Section 9 of the Securities Exchange Act and Section 9(a) of the Commodity Exchange Act. In addition to these claims, the complaint alleges that defendants violated federal antitrust law.

 

The claims in the complaint are alleged to have arisen from defendants' alleged manipulation and restraints of trade in connection with the market for United States exchange-traded financial instruments backed by silver bars that are deliverable on the London Bullion Market Association and against the silver futures contract traded on the COMEX and GLOBEX platforms of the CME Group, Inc. According to the complaint, during the Class Period, defendants conspired to intentionally, unlawfully and artificially suppress, and have in fact intentionally, unlawfully and artificially suppressed, the prices of exchange-traded silver bar financial instruments.

If you have engaged in substantial transactions in NYSE-Arca or CME/COMEX Exchange-Traded Silver Bar Financial Instruments since March 1, 2008, including in iShares Silver Trust and/or the ETF Securities Ltd. Silver Trust, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Views: 35

Reply to This

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted blog posts
yesterday
Sandy posted a photo
yesterday
Sandy favorited tjdavis's photo
yesterday
Burbia commented on tjdavis's video
Thumbnail

Free (Acoustic Version)

"I had the Controversy album. Next was 1999. Was given Purple Rain for Christmas by four people. I…"
Monday
Burbia posted a blog post

The Noticing Continues

American woman says “I’ve had enough” of the white hate pushed on the populationQ“We're the only…See More
Monday
tjdavis posted a video

Free (Acoustic Version)

Provided to YouTube by Legacy RecordingsFree (Acoustic Version) · PrinceFree℗ 2025 NPG Records, LLC, under exclusive license to Legacy RecordingsReleased on:...
Monday
Burbia posted a video

Why Does Israel Suddenly Want President Trump Dead?

Please help me counter injustices in Muslim world by supporting my journalism and CJWS here: ▶️ https://www.patreon.com/c/cjwerlemanor via YouTube here: ▶️ h...
Sunday
Doc Vega posted blog posts
Saturday
Burbia favorited tjdavis's photo
Saturday
FREEDOMROX's blog post was featured
Saturday
cheeki kea commented on cheeki kea's blog post WHY YOU MUST UNDERSTAND AMYLOIDOSIS AND AMYLOID PLAQUES June 13, 2022
Saturday
FREEDOMROX posted a blog post
Friday
Doc Vega commented on Doc Vega's blog post The Many Keys to Deadly Secrecy in our Government
"cheeki kea, thanks so much for your support."
Friday
FREEDOMROX posted a blog post
Jun 5
cheeki kea favorited Doc Vega's blog post The Many Keys to Deadly Secrecy in our Government
Jun 4
cheeki kea commented on cheeki kea's photo
Jun 4
cheeki kea posted a photo
Jun 4
cheeki kea replied to cheeki kea's discussion Tartaria
"Greetings to you John, You're right and it didn't take long for those manuals to totally…"
Jun 4
Doc Vega posted a blog post

The Many Keys to Deadly Secrecy in our Government

We now know thanks to the legislation of FOIA access to federal documents and evidence and the…See More
Jun 4
Less Prone favorited tjdavis's photo
Jun 3

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted