Dreyfus Schemed To Inflate Cotton Futures, Investors Claim

Law360, New York (July 2, 2012, 6:51 PM EDT) -- Louis Dreyfus Commodities BV was hit with a proposed class action Friday brought by investors who allege the French company unlawfully inflated cotton prices and manipulated the cotton futures market.

In a complaint filed in New York federal court, Mark Allen on behalf of hundreds of traders claims Dreyfus and its affiliates, including Term Commodities Inc. and Allenberg Cotton Co., violated the Commodity Exchange Act and the Sherman Act.

“Defendants and their co-conspirators engaged in anti-competitive, restrictive and exclusionary activities, the purpose and effect [of which]...
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