EBay Metal Market Not Rigged by Coin Dealers, Ninth Circuit Says

Apmex Inc. and other leading precious metal dealers secured their exit Thursday from antitrust litigation over the online market, when a federal appeals court in San Francisco rejected claims that their participation in an eBay Inc. discount program reflected illegal collusion.

The U.S. Court of Appeals for the Ninth Circuit upheld a decision by Judge Stanley Blumenfeld Jr., who found last year that incentives created by eBay’s “daily deals” program accounted for the appearance of coordination among Apmex, Pinehurst Coin Exchange Inc., Scottsdale Mint LLLP, and about a dozen other online coin sellers.

The three-judge panel issued a brief unpublished ...