17 DECEMBER 2013www.businessweek.com
Goldman Sachs aluminum antitrust suits shipped to New York
Edited by : AL CIRCLE
1 min read
Lawsuits accusing Goldman Sachs Group Inc. (GS:US), JPMorgan Chase & Co. (JPM:US), their warehousing businesses and the London Metal Exchange of constricting aluminum supplies and driving up prices will be handled in a New York court.
Twenty-six federal cases have been filed accusing the defendants, in various combinations, of violating U.S. antitrust laws. While most were brought in Detroit, some are already pending in New York, with others in Los Angeles, New Orleans and elsewhere.
Arguments promoting each location as most suitable for pretrial exchanges of evidence and depositions were made before the U.S. Judicial Panel on Multidistrict Litigation on Dec. 5 in Las Vegas. That panel issued a decision yesterday choosing New York.
Twenty-six federal cases have been filed accusing the defendants, in various combinations, of violating U.S. antitrust laws. While most were brought in Detroit, some are already pending in New York, with others in Los Angeles, New Orleans and elsewhere.
Arguments promoting each location as most suitable for pretrial exchanges of evidence and depositions were made before the U.S. Judicial Panel on Multidistrict Litigation on Dec. 5 in Las Vegas. That panel issued a decision yesterday choosing New York.
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