Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx: Legal Proceedings Involving A Subsidiary - LME - Goldman Sachs Group, Inc., JP Morgan Chase & Co. And Glencore Xstrata, Inc. - Warehousing Market

Date 07/08/2013

Further to the announcement dated 4 August 2013, the Company notes that LME, a wholly owned subsidiary of HKEx, was named as a co-defendant in another class action lawsuit along with Goldman Sachs Group, Inc., JP Morgan Chase & Co. and Glencore Xstrata, Inc. filed in the US District Court for the Northern District of Florida.    The claim is similar in nature as the one announced on 4 August and seeks damages and injunctive relief with respect to anti-competitive and monopolistic behaviour in the warehousing market in connection with aluminium prices.   LME has not been served in any of the suits to date.

Click here for full details.