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Banks Goldman Sachs, HSBC and Standard Bank and a unit of chemical producer BASF conspired to manipulate platinum and palladium prices, according to a US lawsuit filed this week. The class-action suit, filed Tuesday in New York, said the four defendants shared nonpublic information about client purchases and sale orders to manipulate prices for their benefit and to the detriment of plaintiffs. The plaintiff, Modern Settings, a US maker of jewelry and other metal products, alleges it lost value on "tens of thousands of transactions" due to the conspiracy, the complaint said.
The two friends' morning intersected by chance in the parking lot of the Canfield Green apartment complex. Dorian Johnson had been up since 7 a.m. on this overcast August Saturday and after getting dressed, he was ready for a smoke — on any other morning a carefree ritual for easing into his day's routine in the St. Louis suburb of Ferguson.