US court dismisses remaining aluminium warehousing lawsuits

A US court has dismissed all of remaining claims in the class action lawsuits filed in the USA regarding aluminium warehousing, the Hong Kong Exchange confirmed on August 31.

Hong Kong Exchanges & Clearing, along with its subsidiaries, the London Metal Exchange and LME Holdings, had been named as co-defendants in the lawsuits filed in the US alleging “anti-competitive and monopolistic behaviour”. “On 29 August 2014, the court issued a ruling on claims against the remaining defendants in the aluminium warehousing lawsuits. The court dismissed all of the remaining claims in...


Fleur Ritzema

September 01, 2014

11:47 GMT