Reported about 1 year ago
Hedge fund Elliott Investment Management has renewed its legal battle with the London Metal Exchange regarding the 2022 nickel crisis, alleging that the exchange withheld crucial documents that could have shed light on their response to the short squeeze. Elliott argued in court that the LME CEO made the decision to cancel billions of dollars of nickel trades without considering input from monitoring teams, leading to significant losses for the fund. The case has highlighted the LME's decision-making process during the crisis and its aftermath.
Source: YAHOO