Goldman, JPMorgan hit with antitrust case

Aug 07, 2013 | 12:45 PM | Nathan Laliberte

Tags  aluminum warehouse, antitrust suit, JPMorgan Chase, Goldman Sachs, Glencore, LME, Master Screen, Daniel Price Bart Nathan Laliberte

NEW YORK — U.S. banks JPMorgan Chase & Co. and Goldman Sachs Group Inc., along with commodities group Glencore Xstrata Inc. and the London Metal Exchange, are being sued for allegedly manipulating the aluminum market through price fixing and deliberately restraining the flow of material exiting LME-listed warehouses.
The complaint was filed Aug. 6 in U.S. District Court in Florida by Jacksonville, Fla.-based Master Screens Inc., a purchaser of aluminum products, and individual plaintiff Daniel Price Bart of Tallahassee, who is a purchaser of beverages sold in aluminum cans, according to the filing.....





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