Goldman hit with more antitrust lawsuits
Aug 13, 2013 | 01:14 PM
| Michael Cowden
CHICAGO Goldman Sachs Group Inc. has been hit with two more lawsuits for allegedly violating U.S. antitrust laws, manipulating aluminum prices and driving up premiums by hoarding metal in Detroit-area warehouses.
Both cases are class-action complaints demanding a jury trial.
One lawsuit was filed in U.S. District Court in New York by Viva Railings LLC and Regal Recycling Inc. against New York-based Goldman and its subsidiaries, Metro International Trade Services LLC and GS Power Holdings LLC, according to documents dated Aug. 8. Lewisville, Texas-based Viva makes modular railing systems, while Howell, Mich.-based Regal Recycling is a Michigan-based scrap metal dealers, according to the documents.
The other case was filed by Monticello, Ark.-based boat builder Team Ward Inc., which does business as War Eagle Boats, according to documents filed in U.S. District Court in Michigan and also dated Aug. 8. The War Eagle Boats case names the London Metal Exchange and LME Holding Ltd. as defendants in addition to Goldman Sachs, Metro and GS Power.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.