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Silver Market Manipulation

Kensik et al. v. JPMorgan Chase & Co, et al. 1:10-CV-07768 (N.D.Ill)

Kensik is a class action alleging Antitrust and Securities and Commodities Act violations relating to alleged manipulation and restraint of trade regarding exchange-traded silver-backed instruments. The class asserted to be “all persons or entities who bought or sold NYSE-Arca or CME/GLOBEX exchange-traded silver bar financial instruments during the period March 1, 2008 to present.” Plaintiffs allege that JPMorgan and HSBC colluded to manipulate silver prices so as to benefit JPM’s large short position in silver, aided by fact that JPM was custodian of appr More...

Loeb v. JPMorgan et al. 10-c-8288 (S.D.N.Y.)

See Kensik v. JPM Loeb v. JPM also includes a claim under the Racketeer Influenced and Corrupt Organizations Act ("RICO") More...