Goldprice Manipulation Class Action Lawsuit Thought I would share this class action, since it would cover the SGR banckrupcy. It was certified in Feb, so it will be proceeding.
Seems like they are swiging for the stands on this one 1billion in damages on any transactions (defined below) from Jan 1, 2004 to Mar 19, 2014.
I read a few ot the other class action cases that were settled, and they lasted around 3-7yrs, and it looks like out of court settlements are what usually occur, but others were dismissed too.
Probably bookmark the site, and watch as the class action moves forward.
I hope this helps some of you guys who wanted to get a class action going.
Where:
https://www.sotosllp.com/class-actions/current-cases/gold-manipulation/
How to join:
https://www.sotosllp.com/class-actions/class-action-faq/class-action-frequently-asked-questions/
(If to lazy to read FAQ, you don't need to do anything join and are automatically opted in)
Some other info:
https://www.sotosllp.com/wp-content/uploads/2016/02/Amended-Statement-of-Claim-filed.pdf
15.
The plaintiffs seek to represent the following proposed class (the "Class" or the "Class members"):
All persons or entities in Canada who, between January 1, 2004 and March 19,2014 (the "Class Period") transacted in a Gold Market Instrumentt either directly or indirectly through an intermediary, and/or purchased or otherwise participated in an investment or equity fund, mutual fund, hedge fund, pension fund or any other investment vehicle that transacted in a Gold Market Instrument. Excluded from the class are the defendants, their parent companies, subsidiaries,and affiliates.
'"Gold Markel Instrumenl" includes but is not limited to: gold bullion or goldbullion coins, gold futures conlracts traded on an exchange operated in Canada,shares in Gold ETFs, gold call options traded on an exchange operated inCanada, gold put options traded on an exchange operated in Canada, over-the-counter gold spot or forward transactions or gold call options, over-the-counter gold put options, leases for gold, gold certificates.