Swiss Gold Traders Win $1.5M In Bank Fraud Suit

Law360, London (November 16, 2020, 6:09 PM GMT) -- A London judge has awarded two Swiss gold traders $1.5 million in their litigation against a British company and its directors for allegedly transferring money from Lloyds Bank accounts overseas without authorization.

High Court Judge Jeremy Richardson granted Global Metals AG and Silcasur AG summary judgment on their claims accusing Colony Capital Ltd. and its directors of fraud and deceit.

Judge Richardson ruled the companies should be awarded a mixture of dollars and euros totaling approximately $1.5 million to be paid in two installments by the end of the month, according to the newly public Nov. 9 order. The judge also...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!