London Metal Exchange Under E.U. Scrutiny

Law360, New York (October 5, 2006, 12:00 AM EDT) -- The London Metal Exchange has become the target of a European Union antitrust investigation amid a bevy of complaints from irate copper users over its alleged monopolistic practices.

The E.U.'s competition authority is now investigating whether the LME somehow restricted the free market and abused its dominant position, the London Daily Telegraph reported.

Angry notes from the International Wrought Copper Council, which has accused the LME of putting a stranglehold on the market to drive up prices and give brokers higher profits, prompted the probe....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.