LME companies, warehouses dismissed from antitrust suit

A US federal judge has dismissed London Metal Exchange parent Hong Kong Exchanges & Clearing Ltd and LME Holdings Ltd from antitrust litigation alleging manipulation of aluminium supplies to drive up prices.

Judge Katherine B Forrest ruled in US District Court in New York that the court lacked jurisdiction over the entities in the class-action lawsuit, according to the LME. The LME was dismissed in August as a defendant in the lawsuit on the grounds of sovereign immunity, a decision that she reaffirmed in November. However, the LME’s...

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This article was first published by AMM

March 04, 2015

23:56 GMT

New York