NEW YORK The
U.S. Judicial Panel on Multidistrict Litigation will decide
whether to consolidate a number of lawsuits filed against
Goldman Sachs Group Inc. and the London Metal Exchange at a
Dec. 5 hearing in Las Vegas.
Superior Extrusion Inc. has asked to transfer lawsuits filed in
Florida, Louisiana and Michigan to a U.S. District Court in
eastern Michigan for coordinated or consolidated pretrial
proceedings, the Washington-based panel, which is comprised of
seven U.S. judges, said in a notice posted on its website.
New York-based Goldman
Sachs and the LME are being sued by a number of companies and
individuals for allegedly manipulating the aluminum market
through price fixing and deliberately restraining the flow of
material exiting LME-listed warehouses.
Both Goldman and the
LME said the allegations are without merit and will be
Superior Extrusion filed its lawsuit in Michigan. Separate
lawsuits had been filed by Jacksonville, Fla.-based Master
Screens Inc. in Florida and Reserve, La.-based River Parish
Contractors Inc. in Louisiana.
The panel will also
select the judge or judges and court assigned to conduct the