Goldman, LME slapped with another lawsuit

Aug 19, 2013 | 04:53 PM | Michael Cowden

Tags  International Extrusions, Goldman Sachs Group, GS Power Holdings, Metro International Trade Services, London Metal Exchange, LME, lawsuit, warehouse Midwest premium

CHICAGO — Goldman Sachs Group Inc. has been hit with yet another antitrust lawsuit alleging that the bank and its subsidiaries as well as the London Metal Exchange conspired to inflate aluminum prices, including Midwest premiums.

Garden City, Mich.-based International Extrusions Inc. alleges in the complaint filed in U.S. District Court in Michigan that the defendants hoarded metal in Detroit-area warehouses, restraining aluminum supplies available to physical metal users.

The Aug. 16 complaint names New York-based Goldman Sachs Group, GS Power Holdings LLC, Metro International Trade Services LLC, London Metal Exchange Ltd. and 10 other defendants named as John Doe.....





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