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JP Morgan & HSBC Antitrust Class Action Lawsuit Complaint Filed Over COMEX Silver Futures & Options Market

Persons Who Transacted In COMEX Silver Futures & Options Contracts File Antitrust Class Action Lawsuit Complaint Against JP Morgan & HSBC Over Alleged Conspiracy To Manipulate COMEX Silver Futures & Option Contract Prices.

A class action lawsuit has been filed against JP Morgan Chase & Co., J.P. Morgan Clearing Corp., J.P. Morgan Securities Inc., J.P. Morgan Futures Inc. (“JP Morgan” or “J.P. Morgan”) HSBC Holdings PLC, HSBC Securities (USA) Inc., HSBC Bank USA, National Association (“HSBC”) (collectively “Defendants”) in the United States District Court for the Southern District of New York (styled Sam Wolanyk v. JP Morgan Chase & Co., J.P. Morgan Clearing Corp. J.P. Morgan Securities Inc., J.P. Morgan Futures Inc., HSBC Holdings PLC, HSBC Securities (USA) Inc., HSBC Bank USA, National Association, Civil Action Case No. 10 CIV 8343) alleging, among other things, that Defendants conspired to and did suppress and manipulate the prices of COMEX silver futures and options contracts by allegedly accruing extremely large short positions in the COMEX silver futures contracts in order to suppress the price of COMEX silver futures and options contracts, purportedly in violation of Section 22(a)(1) of the Commodity Exchange Act, 7 USC section 25(a)(1) and Section 1 of the Sherman Act, 15 USC section 1, according to the JP Morgan & HSBC COMEX silver futures & option contract class action lawsuit complaint.

The JP Morgan & HSBC COMEX silver futures & option contract class action lawsuit complaint is reportedly brought on behalf of a putative class of all persons or entities other than Defendants and their employees, affiliates, parents, subsidiaries or co-conspirators (whether or not named in the complaint) who transacted in COMEX silver futures or options contracts between March 1, 2008 through such time as the effects of Defendants’ alleged illegal conduct ceased.

For more information on the JP Morgan & HSBC COMEX silver futures & option contract class action lawsuit complaint, read the class action lawsuit complaint.

If You Have Thoughts On The JP Morgan & HSBC COMEX Silver Futures & Option Contract Class Action Lawsuit Complaint, Share Your Class Action Comments Below.

{ 2 comments… add one }
  • Brian Baldinger April 16, 2011, 10:29 am

    I have 04 6.0 in Pa. Can I join the class action against ford

  • Hunter Hampton September 28, 2011, 2:03 pm

    I have a 2007 F-350 diesel pickup. A glow plug broke and fell into a piston and destroyed the engine. I have under 100,000 miles on the truck but its a month out of warranty. Ford has so far refused to help me at all with the expense of buying a new engine… which is costing me $14,000.00.

    I will never buy another Ford again, and will devote my life to telling all the RVers I know to buy a Dodge or a GM vehicle. I’ve had lots of Fords, since my first one, a 1965 Mustang… but I’m over them.

    I hope everyone makes a fortune on this lawsuit! The best is Mulally, the CEO was in NYC last week bragging about Ford making 8 billion dollars!

    They should have a recall on the 6.0 and pay everyone back. They sued Navistar because of the crappy engine, and won but never shared the winnings with those of us who got screwed.

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