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Old 04-29-2012, 09:05 AM   #1
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NTR bars not pure as claimed?

What if anything has anyone heard about NTR Metals being sued for fraud per not being .999 in their silver bars? I can locate nothing on that rumor and hold some NTR. They did merge this month with OPM who makes the 1-10oz hand poured bars. Both /arewere accepted in the industry premo .999 as I have sold at spot before in Tampa, FL.
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Old 04-29-2012, 10:15 AM   #2
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Putative nationwide class action filed against NTR Metals, LLC in the U.S. District Court for the Northern District of Illinois, alleging violations of 50 states' and the District of Columbia's consumer protection statutes . Plaintiffs allege that they purchased precious metals from the defendant for refinement and sale, but received less than fair market value due to the defendant's unreliable testing methods , which were misrepresented to the plaintiffs. (Ashland Jewelers, Inc., et al. v. NTR Metals, LLC, No. 1:1 Ocv4690 (N.D. Ill. complaint filed July 27, 2010)).

It appears the suit was ordered to be settled via arbitration:

Perhaps someone who knows how to research law suits can figure out if there was a final resolution or not.

BTW - the suit alleges that NTR is defrauding companies like cash4gold who are selling them scrap. They were (allegedly) underpaying suppliers for the metal content in the scrap they were buying. It does not claim that NTR was producing bars that weren't pure.
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