US District Court grants LME immunity from aluminium antitrust lawsuit

The London Metal Exchange has been dismissed from a US antitrust lawsuit alleging manipulation of aluminium supplies to drive up prices, on the grounds of sovereign immunity.

District Judge Katherine Forrest ruled in a Manhattan court that the LME is an organ of a foreign state and was not engaging in commercial activity when it allegedly manipulated...

Published

Andrea Hotter

August 26, 2014

18:18 GMT

New York