US aluminium antitrust case rulings upheld

A US federal judge has reaffirmed her previous rulings dismissing the London Metal Exchange, Goldman Sachs Group Inc and several other investment banks and warehousing companies from antitrust litigation accusing them of purposeful manipulation of aluminium supplies to drive up prices.

Judge Katherine B Forrest ruled in US District Court in New York that London Metal Exchange Ltd and parent company Hong Kong Exchanges & Clearing Ltd, New York-based Goldman Sachs, Baar, Switzerland-based Glencore Plc, New York-based JPMorgan Chase Co, Glencore-owned Pacorini Metals AG and Henry Bath & Son Ltd, which was part of JPMorgan before it was...


This article was first published by AMM

May 05, 2015

03:38 GMT

New York