Superior Extrusion, Inc., v. Goldman Sachs Group, Inc., et al, 13-cv-13315
On August 1, 2013, Lovell Stewart filed a class action on behalf of purchasers of aluminum against Goldman Sachs, Metro International Trade Services, the London Metal Exchange, and others for allegedly violating the federal antitrust laws by inflating aluminum prices, including the Midwest Transaction Price (also known as Midwest Premium or Platts MW Midwest Premium or the Platts Metals Weekly Premium)This was the first case in the United States alleging that aluminum prices had been inflated by alleged unlawful conduct by Goldman Sachs and the London Metals Exchange. Lovell Stewart commenced multi-district litigation (“JPML”) proceedings for the cases, and filed four subsequent actions on behalf of other significant aluminum extrusion businesses, Custom Aluminum Products, Inc., v. Goldman Sachs Group, Inc., et al, 13-cv-13418 and International Extrusions, Inc., v. Goldman Sachs Group, Inc., et al, 13-cv-13555, Ampal, Inc. v. Goldman Sachs Group, Inc., et al., 13-cv-14067, and Extruded Aluminum Corp. v. Goldman Sachs Group, Inc., et al, 13-cv-14787.
As a result of the JPML proceedings, all of the actions, along with many similar class actions are being heard in the United States District Court for the Southern District of New York before the Honorable Katherine Forrest. Contact Gary S. Jacobson, Esq. (GSJacobson@lshllp.com) or Benjamin M. Jaccarino, Esq. (BJaccarino@lshllp.com).