Multiple lawsuits filed against banks, exchanges over alleged aluminum hoarding
Within a week, a second major lawsuit has been filed related to the hoarding of aluminum and the artificial rise in the metal’s price. The Goldman Sachs Group, Inc., JPMorgan Chase & Co., Switzerland-based Glencore Xstrata plc along with The London Metal Exchange – a subsidiary of Hong Kong Exchanges and Clearing Limited – were the accused companies.
MillerCoors had recently alleged that the hoarding of aluminum cost can-buying beer drinkers $3 billion.
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