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US: Accusations of Goldman Sachs aluminum price-fixing could be just the start, say experts

By  |  August 5, 2013

Antitrust lawyers told reporters that the recent revelation of certain aluminum warehouse owners, such as Goldman Sachs Group, accused of manipulating the metal’s prices may be just the beginning for the companies’ antitrust problems. A lawsuit filed last week named Goldman Sachs and other warehouse owners, as well as the London Metal Exchange, accusing the parties of price manipulation and anticompetitive business practices. Antitrust lawyers told Reuters that the lawsuit will likely be followed by “follow-on” class actions, which are filed after the US Department of Justice or other regulators files their own suit. Reporters cited antitrust expert Daniel Sokol in their report.

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