A PYMNTS Company

US: Five lawsuits in single week filed against aluminum price-fixing

By  |  November 26, 2013

Five lawsuits have been filed in the last week against major banks and the London Metal Exchange accusing the defendants of aluminum price-fixing.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Reports say the suits, all class actions, claim the banks and the LSE hoard aluminum in warehouses and manipulate supplies of the metal to fix prices.

    The lawsuits, filed by aluminum consumers, are seeking reimbursement for alleged damages as well as compensation for attorneys fees.

    Full Content: AMM

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.