In re Commodity Exchange, Inc., Gold Futures and Options Trading Litigation,
No. 14-md-02548 (S.D.N.Y.).
Case Overview
| Status: | Status: Pending |
| Court: | Court: Southern District of New York |
| Case Number: | Case Number: 14-md-02548 |
| Related Attorneys: | Lead Attorneys: Karen M. Lerner, David E. Kovel |
| Related Practices: | Related Practices: Commodities |
KM acted as class counsel on behalf of a putative class of investors alleging a scheme by major banks to manipulate the global benchmark price of gold, which harmed traders who transacted in gold futures and options on U.S.-based exchanges. The case resulted in settlements totaling $152 million.