Goldman, LME are co-defendants in class-action suit

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

A class action lawsuit has been filed against Goldman Sachs (GS) and the London Metal Exchange alleging antitrust violations in connection with the firms' aluminum warehousing practices. (full complaint)

Superior Extrusion, a maker of extruded aluminum products, is the lead plaintiff.

Both Goldman and the LME say the suit has no merit.

This is the latest setback for Goldman as it tries to defend itself against allegations its aluminum warehousing activities have played a role in creating long waits for the metal and driving up prices for consumers. (previous coverage)