By Nate Raymond
NEW YORK, Dec 8 (Reuters) - Lawyers for investors accusingseveral major banks of conspiring to rig silver prices areseeking to add five new defendants to the case, based what theycall "smoking gun" evidence they obtained from Deutsche Bank AGfollowing a settlement.
In papers filed in Manhattan federal court on Wednesday, thelawyers sought to revive previously-dismissed claims against UBSAG and add Barclays Plc, BNP Paribas SA, Standard Chartered Plc and Bank of AmericaCorp as defendants.
The newly cited evidence was produced by Deutsche Bank afterit reached a $38 million settlement in the case earlier thisyear. The plaintiffs said the evidence showed the new defendantsengaged in collusive price manipulation.
UBS said in a statement that it believed the plaintiffs'claims had "no merit." Representatives for the other bankseither declined to comment or did not respond to requests forcomment.
In their proposed revised complaint, the investors claimDeutsche Bank, HSBC Holdings Plc, Bank of Nova Scotia and others rigged prices of silver and silver financialinstruments through a secret daily meeting called the SilverFix.
The plaintiffs, who are seeking court permission to file therevised complaint, said more than 350,000 pages of documents and75 audio tapes that Deutsche Bank produced, including electronicchats involving silver traders, backed up their claims.
In October, U.S. District Judge Valerie Caproni dismissedUBS from the case, saying there was nothing showing itmanipulated prices, even if it benefited from distortions. Butshe allowed the investors to file a revised lawsuit against UBS.
The plaintiffs in Wednesday's filing said the Deutsche Bankevidence showed UBS was a "major participant" in the scheme tomanipulate prices and that two of its traders communicateddirectly with two Deutsche Bank traders.
The case is In re: London Silver Fixing Ltd AntitrustLitigation, U.S. District Court, Southern District of New York,No. 14-md-02573. (Reporting by Nate Raymond in New York; Editing by Lisa VonAhn)