Goldman, JPMorgan Must Face Revised Aluminum Price-Fix Case
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Goldman Sachs Group Inc., JPMorgan Chase & Co. and Glencore Plc were ordered to face manufacturers’ antitrust claims that they conspired to manipulate the price of aluminum to boost trading profits.
U.S. District Judge Katherine Forrest in Manhattan rejected a request by the banks and their aluminum warehousing operations to dismiss the claims entirely. She threw out a monopolization claim against Goldman Sachs and some state-law claims against all the defendants.