Tuesday 2 December 2014

Platinum Price Rigged, Jewelry Manufacturer Charges

A Florida jewelry manufacturer is serving as the plaintiff for a class-action suit that claims the prices of platinum and palladium have been manipulated to enrich certain banks and dealers. 

In a complaint filed Nov. 25 in New York federal court, Sarasota-based Modern Settings charges that the three banks and one metals dealer that set the prices via twice-daily teleconferences have used the process for their own ends. 

A Florida jewelry manufacturer is serving as the plaintiff for a class-action suit that claims the prices of platinum and palladium have been manipulated to enrich certain banks and dealers.

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JCK Staff

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