October 05, 2016
A New York federal judge on Wednesday tossed claims in multidistrict litigation accusing Goldman Sachs and others of manipulating aluminum prices in violation of antitrust law, saying the Second Circuit's August dismissal of claims made by secondary buyers warranted a similar ruling for primary buyers.
August 17, 2016
Goldman Sachs Group Inc. and others accused in multidistrict litigation of an aluminum price-rigging scheme asked a New York federal court Wednesday to cancel hearings and dismiss claims from primary buyers of the metal, after the Second Circuit upheld the toss of similar allegations.
August 11, 2016
Goldman Sachs on Wednesday asked a New York federal judge to dismiss primary aluminum buyers from multidistrict litigation accusing the bank, JPMorgan Chase, Glencore and others of fixing the aluminum futures market, arguing that a Tuesday Second Circuit decision that manufacturers and consumers don't have standing can be applied to the primary buyers as well.
August 08, 2016
Buyers of aluminum that are seeking class certification in multidistrict litigation over an alleged hoarding and price-fixing scheme by Goldman Sachs told a New York federal court Friday the financial company is ignoring evidence of the conspiracy in its attempt to undermine their bid.
July 11, 2016
Buyers of aluminum seeking class certification in multidistrict litigation over an alleged hoarding and price-fixing conspiracy by Goldman Sachs have changed their story about the financial company's alleged actions, torpedoing their bid for certification, Goldman told a New York federal court on Friday.
June 21, 2016
A New York federal judge on Monday denied requests to compel Goldman Sachs to produce documents in multidistrict litigation accusing the company of hoarding aluminum to fix prices, saying there was no evidence the financial institution possessed the data in one instance and it already coughed it up in another.
June 14, 2016
Aluminum purchasers in multidistrict litigation accusing Goldman Sachs, J.P. Morgan Securities PLC and others of hoarding the metal to fix prices on Monday asked a New York federal judge to compel Goldman Sachs to produce data about London Metal Exchange futures deliveries and physical holdings, saying it has stalled on requests thus far.
May 20, 2016
A New York federal judge on Thursday refused to grant aluminum companies' request for sanctions in multidistrict litigation accusing Goldman Sachs and others of conspiring to manipulate aluminum storage rates to profit off futures trading in the metal, although she ordered the production of some information.
May 12, 2016
Sullivan & Cromwell LLP on Thursday challenged a recent assertion it enabled the destruction of certain documents by the architect of a "smart ass" scheme to manipulate aluminum prices, telling a New York federal judge that claims made by the aluminum companies in the multidistrict litigation were a baseless attack on its integrity.
May 03, 2016
The man accused of being the architect of a "smart ass" scheme to manipulate aluminum prices told a New York judge that he believes he was required to destroy confidential information from a metals storage company after he ceased being a consultant, rebutting claims by aluminum companies in a multidistrict litigation that he was deliberately destroying evidence.