Howe v. Bank for International Settlements

MEMORANDUM AND ORDER ON DEFENDANTS’ MOTIONS TO DISMISS

LINDSAY, District Judge.

I. Introduction

This case involves allegations of “an unholy alliance of high public officials” and “large bullion banks” to manipulate the price of gold. Compl. ¶ 82. The plaintiff, Reginald H. Howe (the “plaintiff’ or “Howe”), asserts that various combinations of the defendants committed two interrelated sets of wrongful acts: first, that all of the defendants conspired to depress the price of gold; and second, that a subset of the defendants conspired to set an unfairly low price in the mandatory redemption of…