Link

JPMorgan Chase Artificially Inflated Aluminium Prices, Lawsuit Claims

JPMorgan Chase Artificially Inflated Aluminium Prices, Lawsuit Claims

SINGAPORE, Aug 7 (Reuters) – Glencore Xstrata and JPMorgan Chase & Co face a U.S. lawsuit alleging they artificially inflated aluminium prices, the second legal challenge related to metal warehousing in a week.

The suit, filed in a district court in Florida, also names Goldman Sachs, the London Metal Exchange (LME) and subsidiaries of both JPMorgan and Goldman and accuses the companies of anti-trust practices and racketeering.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s