September 03, 2020
Goldman Sachs, JPMorgan Chase and several companies accused by aluminum buyers of conspiring to hike the metal's price say all but one of the buyers made their purchases from "non-conspiring third parties."
July 24, 2020
Aluminum buyers who have accused financial giants and metal warehouses of teaming up to hike the price of the metal have failed to convince a New York federal judge their issues are common enough to justify a class action.
November 29, 2016
Direct purchasers of aluminum asked a New York federal court Monday to set aside its October dismissal of allegations that Goldman Sachs, JPMorgan Chase and others manipulated prices for the metal, saying they should be allowed to amend an earlier complaint to pursue the claims.
October 03, 2014
U.S. aluminum buyers on Thursday reiterated a call to revive antitrust multidistrict litigation claims against the London Metal Exchange in New York federal court, claiming new Second Circuit case law and intervention from lawmakers warrants reconsideration of the court's dismissal.
August 26, 2014
A New York federal judge dismissed the London Metal Exchange from antitrust multidistrict litigation over aluminum warehousing rates Monday, ruling to even her own surprise that the exchange was protected as an organ of the U.K. government despite being privately owned.
May 13, 2014
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.