Barclays, SocGen $50 Million Gold Fix Settlement Gets Court Nod

Barclays Plc, Société Générale SA, and Scotiabank exited antitrust litigation over an alleged scheme by top global financial institutions to rig the London gold fix, a key benchmark, after a federal judge in Manhattan approved their $50 million settlement with traders.

Judge Valerie E. Caproni signed off Tuesday on the agreement resolving class action claims they faced in the US District Court for the Southern District of New York. She also handed nearly $17 million in legal fees to the two law firms that led the case.

The ruling came about eight months after Caproni gave the pact ...