Monday, October 10, 2022

UK Court On the LME Cancelling Nickel Trades: Sue The Bastards!

Or words to that effect.

From Reuters, October 10:

UK court says Elliott, Jane Street can sue LME for cancelled nickel trades

A British court has granted permission for U.S.-based hedge fund Elliot Associates and Jane Street Global Trading to sue the London Metal Exchange (LME) for cancelling nickel trades in March, a court document showed.

Elliott and Jane Street are demanding damages of $456.4 million and $15.34 million respectively, after the nickel price topped a record $100,000 per tonne on March 8, prompting the LME's suspension of nickel trading and voiding of trades....

....MUCH MORE