U.S. appeals court revives aluminum antitrust cases vs Goldman, JPMorgan, Glencore

A federal appeals court on Tuesday revived lawsuits by aluminum purchasers that accused Goldman Sachs, JPMorgan Chase, mining company Glencore and other companies of conspiring to drive up prices for the metal by reducing supply. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said a federal judge erred in dismissing antitrust claims by “direct” purchasers of aluminum such as Novelis, and by other purchasers including Eastman Kodak, Fujifilm and Reynolds Consumer Products.

source https://finance.yahoo.com/news/u-appeals-court-revives-aluminum-163410531.html?.tsrc=rss

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