Home / World News / Elliott Associates sues LME for $456 mn over nickel trading suspension

Elliott Associates sues LME for $456 mn over nickel trading suspension

Fund manager Elliott Associates sued London Metal Exchange for $456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearing Ltd

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Reuters Hong Kong

2 min read Last Updated : Jun 07 2022 | 12:15 AM IST

Fund manager Elliott Associates has sued London Metal Exchange (LME) for $456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearing Ltd , the Hong Kong bourse said on Monday.

LME and LME Clear Limited have been named as defendants in a judicial review claim filed in a British court by Elliott Associates and Elliott International in early June, LME's parent HKEX said in a filing.

The hedge fund seeks to challenge LME's decision to cancel its trades in nickel contracts executed on or after 00:00 British time on March

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : London Metal Exchange Nickel Hong Kong

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