Welcome to the Information Website for the Gold and Silver Market Instrument Canadian Class Action Settlements

If you are a Person or Entity who transacted in a Gold Market Instrument or a Silver Market Instrument, in whole or in part in Canada, you may be entitled for a compensation from the(these) class action settlement(s).

What are these Class Actions About?

Settlements have been reached in these class actions against Deutsche Bank AG, Deutsche Bank Securities Limited, and Deutsche Bank Securities, Inc. (collectively, “Deutsche Bank”) (“the Settling Defendants”) regarding allegations that Deutsche Bank, beginning at least as early as 2004 and continuing through March 2014, conspired with each other to fix prices for Gold Market Instruments, and that beginning at least as early as 1999 and continuing through August 2014, and conspired with each other to fix prices for Silver Market Instruments. It is alleged that the defendants communicated directly with each other to coordinate their:

  1. fixing of spot prices;
  2. manipulating of the bid-ask spreads;
  3. controlling or manipulating of benchmark rates; and
  4. exchanging of confidential customer information. It is alleged that the defendants’ conduct impacted the price of Gold Market Instruments and Silver Market Instruments, and that the defendants profited directly, at the expense of the classes, by having control and advanced knowledge of the movements in price of Gold Market Instruments and Silver Market Instruments.

The defendants in these class actions are as follows:

  • Banque HSBC Canada
  • Banque UBS (Canada)
  • Barclays Bank PLC
  • Barclays Capital Canada Inc.
  • Barclays Capital Inc.
  • Barclay Capital PLC
  • Barclays PLC
  • The Bank of Nova Scotia
  • Deutsche Bank AG
  • Deutsche Bank Securities Limited
  • Deutsche Bank Securities, Inc.
  • HSBC Bank Canada
  • HSBC Bank PLC
  • HSBC Holdings PLC
  • HSBC Securities (Canada) Inc.
  • HSBC Securities (USA) Inc.
  • HSBC USA Inc.
  • La Banque de Nouvelle-Ecosse
  • London Gold Market Fixing Ltd.
  • Scotia Capital (USA) Inc.
  • ScotiaMocatta
  • SG Americas Securities, LLC
  • Société Générale
  • Société Générale SA
  • Société Générale (Canada)
  • The London Silver Market Fixing Limited
  • UBS AG
  • UBS Bank (Canada)

Who can receive benefits under the(these) class action(s)?

You may be a Class Member and entitled to receive a benefit under the settlement agreement(s) if:
You Transacted in a Gold Market InstrumentYou Transacted in a Silver Market Instrument
between January 1, 2004 and March 19, 2014between January 1, 1999 and August 14, 2014
in whole or in part in Canada, either directly or indirectly through an intermediary, and/or purchased or otherwise participated in an investment or equity fund, mutual fund, hedge fund, pension fund or any other investment vehicle that transacted in a Gold Market Instrument or Silver Market Instrument.
“Gold Market Instrument” includes gold bullion or gold bullion coins, gold futures contracts traded on an exchange operated in Canada, shares in Gold ETFs, gold call options traded on an exchange operated in Canada, gold put options traded on an exchange operated in Canada, over-the-counter gold spot or forward transactions or gold call options, over-the-counter gold put options, leases for gold, and gold certificates.“Silver Market Instrument” includes silver bullion or silver bullion coins, silver futures contracts traded on an exchange operated in Canada, shares in silver ETFs, silver call options traded on an exchange operated in Canada, silver put options traded on an exchange operated in Canada, over-the-counter silver spot or forward transactions or silver call options, over-the-counter silver put options, leases for silver, and silver certificates.

Summary of Your Legal Rights and Options at this Stage

Stay in this(these) class action(s)

Await the outcome. Share in possible compensation and other benefits.

By doing nothing, you keep the possibility of getting a compensation or other benefits that may come from a trial or settlements.

Give up certain rights.

You give up any right to sue the defendants on your own about the same legal claims in this(these) class action(s).

Object

In order to object to the Settlement Agreements or Class Counsel’s fees and expenses, you must submit your objection in writing to Class Counsel.

Click here for more information.

Exclude Yourself / Opt-Out

If you exclude yourself (opt out) and a compensation or other benefits are later awarded, you will not share in that compensation or benefits. However, you keep any rights to sue the defendants on your own about the same legal claims in this class action.

To exclude yourself (opt out), you must submit an Opt Out Form no later than April 12, 2019.

You may download an Opt Out Form here.

You may choose to exclude yourself (opt out) from the Gold Market Instrument class action, the Silver Market Instrument class action, or both.

We recommend you take a few minutes to view the FAQ section for further details about these class actions and the settlement benefits.