HSBC Dropped from Silver Price Suppression Lawsuit

September 14, 2011

After reaching a “tolling” agreement with plaintiffs’ attorneys brought by dozens of commodities investors, HSBC has been dropped from a silver price suppression lawsuit.

According to Kaye Scholer litigation partner Peter Haveles, who regularly advises banks and other financial services clients on class-action suits and other complex litigation matters, “A potential defendant may sign a tolling agreement with a plaintiff either because there are settlement discussions between the parties, or because the plaintiff is reviewing whether or not that party should actually be sued in the case.”

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