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LME nickel defaulters in spotlight as exchange prepares for $450m lawsuit
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fnlondon.comA host of firms the London Metal Exchange claims would have gone into default had it not cancelled $4bn worth of nickel trades last year have been revealed as a courtroom showdown over the decision nears.
As Elliott Management and Jane Street lined up their legal challenge to the LME wiping trades on 8 March 2022, the investment houses asked for details on which firms would have gone into default without the reversal of trading, according to a person familiar with the matter.
The...
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