http://thecrux.com/not-just-gold-and-silver-big-banks-now-being-sued-for-manipulating-platinum-and-palladium-too/
Goldman Sachs Group Inc. (GS) and HSBC Holdings Plc (HSBA) were sued
in New York over claims they conspired for eight years to manipulate
prices for the precious metals platinum and palladium in what
plaintiffs’ lawyers say is the first class-action lawsuit of its kind in
the U.S.
Standard Bank Group Ltd. and a metals unit of BASF SE (BAS), the
world’s largest chemical company, were also sued. The four companies
used inside information about client purchases and sale orders to profit
from price movements for the metals used in products ranging from
jewelry to cars, according to a complaint filed yesterday in Manhattan
federal court.
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