Goldman
Sachs and HSBC are among four platinum and palladium dealers to be sued in New
York for allegedly fixing the price of the metals.
The
four companies are said to have rigged prices for eight years. BASF and
Standard bank were also sued in the first lawsuit of its kind in the US.
The
four defendants declined to comment.
Modern
Settings, a Florida-based maker of jewellery and police badges, said purchasers
lost millions of dollars.
The
Florida company filed the complaint in Manhattan federal court.
Platinum
and palladium are used in jewellery, cars and dentistry.
The
companies were accused of
