Lowey Dannenberg was appointed co-lead counsel in a class action, alleging that a group of 8 major financial institutions colluded to fix the outcome of the London Silver Fix, a global benchmark that impacts the value of more than $30 billion in silver and silver financial instruments.

The case alleges violations of the CEA and antitrust laws in a conspiracy to fix prices in the over-the-counter silver and silver futures market.

To date, Lowey’s antitrust lawyers have secured a $38 million settlement from defendant Deutsche Bank and valuable cooperation material that it is using in the ongoing prosecution of the case against the remaining defendants.

In re London Silver Fixing Ltd. Antitrust Litigation, Case No. 14-md-2573 (VEC) (S.D.N.Y.)