Federal US District Court Judge Robert P. Patterson Jr. has dismissed the class-action litigation suit brought against JP Morgan (and originally HSBC) regarding silver market-rigging. Judge Patterson cited lack of specifics and claims of bad intent necessary to bring the suit to trial.
Perhaps Judge Patterson never bothered to actually read the litigation, because if he did, (assuming he was not paid off) he would have come to the same conclusions we did when the suit was filed in September of 2011:
The lawsuit completely exposes JPMorgan’s silver manipulation from insiders’ perspectives for ALL TO SEE.
We’re talking your wife streaking on the field during the opening kick-off of the Super Bowl type of exposure.
Que the CFTC announcement that their 4 year silver probe found no evidence of market manipulation in silver.
Full details of Judge Patterson’s dismissal of the suit, as well as the full original suit below: [Read more...]