Wednesday, August 7, 2013

We Know the Plaintiff In the Aluminum Lawsuit Against JP Morgan (and Glencore) JPM; GLEN

When we posted "As JPMorgan Gets Sued in the Second Aluminum Anti-trust Suit. A Look Back at JPM's Metals Business (JPM)" yesterday we only had the RANsquawk headline.
Here's more:
...The Florida lawsuit alleges "manipulation of the aluminum market through supply price fixing," among other practices.
The lead plaintiff in the lawsuit, which is seeking class action status and was filed on August 6 in the U.S. District Court for the Northern District of Florida, is Master Screens Inc. and Daniel Price Bart, described in the filing as "a purchaser of beverages sold in aluminum cans."
-Reuters 

Since the Florida plaintiffs are seeking class-action certification, if the status is granted the complaint will be amended to "a purchaser of beverages sold in aluminum cans and others similarly situated".