Big Banks Lose Discovery Scuffle In Aluminum Storage MDL

Law360, New York (February 6, 2014, 5:38 PM EST) -- The plaintiffs accusing Goldman Sachs Group Inc., JPMorgan Chase & Co. and others of striking anti-competitive warehousing agreements to artificially inflate the cost of storing aluminum can begin making discovery requests before filing their complaints, a New York federal judge ruled on Thursday.

In the multidistrict case, the plaintiffs allege that the banking titans, along with their warehousing units, the London Metal Exchange and other financial institutions entered into agreements between 2010 and 2013 that delayed the delivery of aluminum to end-users that produced, among other...
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