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Date Posted: 7:58:30 3/07/23 Tue
Author: Jasper
Subject: As always, the game is rigged, no matter the game.

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AQR Capital Management formally filed a London lawsuit against the London Metal Exchange, joining nine other hedge funds in a series of claims targeting the exchange’s decision to cancel billions of dollars in nickel trades last year.

The fresh legal action adds to troubles for the world’s biggest metals exchange flowing from its move on March 8 last year to suspend nickel trading and cancel contracts amid a runaway short squeeze. The LME has argued the action was necessary to avoid a $20 billion margin call that could have threatened the bourse’s own survival.

https://www.mining.com/web/aqr-leads-10-hedge-funds-suing-lme-over-nickel-trade-debacle/

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