Goldman Sachs, LME Face Legal Challenge Over Aluminum Storage

Mani

Published onAugust 5, 2013

Updated on May 13, 2021

London Metal Exchange and Goldman Sachs Group, Inc. (NYSE:GS) face a U.S. class action suit for their alleged agreement to inflate aluminum prices.

The investment bank and the metal exchange are being sued in a U.S. court over their alleged anti-competitive and monopolistic behavior in aluminum storage.

Superior Extrusion, which is an aluminum and related product-provider located in Michigan, is aiming to get class-action status for the law suit filed on August 1st.

Goldman Sachs: Restricted supply of aluminum

According to the lawsuit, the...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Goldman Sachs, LME Face Legal Challenge Over Aluminum Storage

Goldman Sachs: Restricted supply of aluminum

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