HKEx named co-defendant in US class action lawsuits

The Hong Kong Exchanges & Clearing (HKEx) has been named a co-defendant in the US class action lawsuits alleging increasing wait time for aluminium and manipulation of prices on the London Metal Exchange, the bourse said on Friday March 14.

“HKEx management’s initial assessment is that the lawsuit is without merit and HKEx will contest it vigorously,” the exchange said in a regulatory filing. The HKEx was notified on Thursday March 13 that it was named in the consolidated complaint by...

Published

Shivani Singh

March 17, 2014

04:12 GMT

Singapore