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Elliott Management sues London Metal Exchange for more than $456m over cancelled nickel trades
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fnlondon.comActivist hedge-fund manager Elliott Management sued the London Metal Exchange for more than $456m, after the exchange earlier this year suspended nickel trading and cancelled some trades following wild swings in the metal’s price.
The lawsuit is a fresh headache for the LME, whose actions had already drawn criticism from some market participants and prompted a review by British financial regulators.
Elliott...
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