LME to contest zinc price manipulation suit

May 27, 2014 | 12:27 PM | Daniel Fitzgerald

Tags  LME lawsuit, London Metal Exchange, warehousing, zinc, Duncan Galvanizing, zinc prices, zinc lawsuit, Hong Kong Exchanges & Clearing HKEx

NEW YORK — The London Metal Exchange will "vigorously" contest a lawsuit filed against the exchange by Duncan Galvanizing Corp., which alleges anti-competitive and monopolistic behavior in the warehousing market in connection with zinc prices.

The LME and parent company Hong Kong Exchanges & Clearing Ltd. (HKEx) have been named as co-defendants in the lawsuit, filed in U.S. District Court for southern New York, HKEx said.....

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