Judge dismisses LME from aluminum price-fixing lawsuits

NEW YORK Tue Aug 26, 2014 10:12am EDT

NEW YORK Aug 26 (Reuters) - A U.S. judge has dismissed London Metal Exchange Ltd as a defendant from nationwide antitrust litigation over the alleged fixing of aluminum prices.

In a decision made public on Tuesday, U.S. District Judge Katherine Forrest in Manhattan said the LME was an "organ" of the UK government and immune from the lawsuit under the Foreign Sovereign Immunities Act.

Forrest's decision does not affect other defendants in the case, which include Glencore Plc, Goldman Sachs Group Inc, JPMorgan Chase & Co, and various commodity trading, metals mining and metals warehousing companies. (Reporting by Jonathan Stempel in New York; Editing by Lisa Von Ahn)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.