Gold price-fixing deal could jeopardize other claims, court told

By Jon Hill (June 27, 2022, 9:10 p.m. EDT) — An investor suing Scotiabank for alleged misuse of precious metals futures opposes a proposed $50 million settlement that would end a case separate gold price-fixing lawsuit against the bank and other financial institutions, telling a federal judge in New York that the settlement’s release of claims should be restricted.

In a filing on Friday, investment vehicle Robert Charles Class A LP urged U.S. District Judge Valerie E. Caproni to withhold final approval of the gold fixing settlement unless its terms are changed to expressly exclude claims related to impersonation litigation Scotiabank is facing in federal court in New Jersey.

“It’s a simple solution that can easily…

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