Mealey's Antitrust/Unfair Competition - Financial Institutions Sued Over Alleged Gold Futures Antitrust Scheme

Mealey's Antitrust/Unfair Competition - Financial Institutions Sued Over Alleged Gold Futures Antitrust Scheme

NEW YORK - A purchaser and seller of COMEX gold futures and options sued five financial institutions in New York federal court on March 12, alleging that the defendants engaged in a scheme to manipulate the price of gold and gold derivatives contracts in violation of the Sherman Act (Peter DeNigris v. Bank of Nova Scotia, et al., No. 14-1638, S.D. N.Y.).

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