Big Banks Face Aluminum Storage Antitrust Claims At JPML

Law360, New York (December 5, 2013, 1:26 PM EST) -- The Judicial Panel on Multidistrict Litigation was slated to hear oral arguments on Thursday on whether to combine pretrial proceedings on a host of cases accusing Goldman Sachs Group Inc., JPMorgan Chase & Co. and others of striking anti-competitive warehousing agreements to artificially inflate the cost of storing aluminum.

The banking titans, along with their warehousing units, the London Metal Exchange, and other financial institutions, have been named in a number of antitrust class actions in federal courts that are now being considered for consolidation in...
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