Goldman, JPMorgan hit with antitrust case
Aug 07, 2013 | 12:45 PM
| 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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