Commodities Traders Hit With $60M Antitrust Suit

Law360, New York (April 27, 2011, 3:26 PM EDT) -- Arctos Capital LLC filed suit Tuesday in New York, seeking $60 million from several anonymous commodities traders accused of colluding on the price and size of trades for futures contracts to keep the commodities trading firm from participating in the market.

The complaint targets several traders operating on the ICE Futures U.S. electronic trading system for continuous commodities index futures in 2009 and 2010 who allegedly often accepted worse prices for their clients than they could have received through open competition, in order to keep Arctos...
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