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Deutsche Bank to pay C$5.5 million to settle Canadian gold and silver market-rigging cases

Section: Documentation

2:18p ET Monday, February 11, 2019

Dear Friend of GATA and Gold:

Deutsche Bank has agreed to pay nearly C$5.5 million to settle class-action lawsuits in Canada accusing the bank of manipulating the gold and silver markets, according to the Toronto law firm representing the plaintiffs.

In e-mails sent to class members and statements posted on its internet site, the law firm, Sotos LLC, said Deutsche Bank "does not admit any wrongdoing or liability."

... Dispatch continues below ...


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Deutsche Bank already has agreed to pay nearly US$100 million to settle similar class-action lawsuits in the United States:

https://www.reuters.com/article/us-deutsche-bank-settlement-gold-idUSKBN...

https://www.reuters.com/article/us-deutsche-bank-settlement-silver-idUSK...

The law firm said that if the settlement is approved by the Ontario Superior Court of Justice, the settlement funds, after payment of court-approved legal fees and disbursements, will be deposited into "an interest-bearing account for the benefit of the classes for distribution at a future date."

The law firm's summary of the gold and silver class-action settlement is posted at the Sotos internet site here:

https://sotosclassactions.com/wp-content/uploads/2019/02/Gold-and-Silver...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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