Class action against Morgan, HSBC specifies silver manipulation mechanism

From GATA.org:

Submitted by cpowell on Tue, 2010-12-28 06:31. Section: Daily Dispatches

A Chicago law firm yesterday announced another class-action lawsuit against J.P. Morgan Chase & Co. and HSBC Holdings PLC complaining of silver market manipulation. Interestingly, the lawsuit cites GATA's silver market manipulation whistleblower Andrew Maguire and U.S. Commodity Futures Trading Commission member Bart Chilton, and specifies mechanisms by which Morgan and HSBC could manipulate the silver market through the use of silver exchange-traded funds.....read on