Aluminum Buyers Fight Exchange's Immunity In Antitrust MDL

Law360, New York (May 13, 2014, 6:38 PM EDT) -- A group of aluminum buyers argued Monday that the London Metal Exchange's ties to the U.K. government shouldn't protect it from antitrust claims that it conspired with banks and warehousers to inflate storage costs for the metal.

Three groups of plaintiffs in the antitrust multidistrict litigation against the exchange, Goldman Sachs Group Inc. and others fought LME's bid to dismiss the claims under the Foreign Sovereign Immunities Act.

Buyers and consumer and commercial end users of aluminum argued that LME's April motion to dismiss the claims...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.