LME asks US court to dismiss ‘absurd’ aluminum lawsuits

Apr 24, 2014 | 05:35 PM | Andrea Hotter

Tags  LME, London Metal Exchange, Goldman Sachs, JPMorgan, Glencore Xstrata, aluminum warehousing, LME warehouse, aluminum prices Andrea Hotter

NEW YORK — The London Metal Exchange has asked a U.S. judge to dismiss claims of misconduct related to the aluminum market for a variety of reasons, including that the court lacks jurisdiction over the exchange.
Three consolidated complaints against the exchange should be dismissed “for a lack of personal jurisdiction and for a failure to state a claim,” the LME said in a filing April 23 in U.S. District Court in New York.....

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