Marex ordered to pay Natixis up to $32mln in nickel fraud case [CORRECTED]

A judge in the United Kingdom has ruled that broker Marex Spectron must pay up to $32 million in losses to French bank Natixis stemming from a case of forged warehouse receipts more than two years ago.

The court found both Marex Spectron and Glencore-owned Access World negligent.

Natixis sued Marex Spectron and Access World in 2017 over fraudulent receipts. Marex rejected the lawsuit, and a trial...

Published

Justin Yang

Alice Mason

Julian Luk

Hassan Butt

October 02, 2019

18:24 GMT

London