SHAK v. JPMORGAN CHASE & CO.

15 Civ. 992 (PAE), 15 Civ. 994 (PAE), 15 Civ. 995 (PAE).

156 F.Supp.3d 462 (2016)

Daniel SHAK and SHK Diversified, LLC (and/or their successors in interest), Plaintiffs, v. JPMORGAN CHASE & CO. et al., Defendants. Thomas Wacker, Plaintiff, v. JPMORGAN CHASE & CO. et al., Defendants. Mark Grumet, Plaintiff, v. JPMorgan Chase & Co. et al., Defendants.

United States District Court, S.D. New York.

Signed January 12, 2016.


Attorney(s) appearing for the Case

Daniel Zachary Epstein, David T. Fischer, Cause of Action, Karen Marie Groen, Chief Oversight Counsel, Reed D. Rubinstein, Dinsmore & Shohl LLP, Washington, DC, for Plaintiffs.

Stephen McCoy Elliott, Peter J. Phipps, Mary Hampton Mason, United States Department of Justice, Washington, DC, for Defendants.


OPINION & ORDER

PAUL A. ENGELMAYER, District Judge.

These cases involve allegations of market manipulation in a commodities derivatives market, specifically, the market in silver futures calendar spreads. Plaintiffs, sophisticated individual commodities traders, allege that defendants (collectively, "JP Morgan") manipulated the settlement prices in this market to benefit their positions, primarily by placing...

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