Elliot Management sues London Metal Exchange over nickel crisis – Henry’s Club

Activist hedge-fund manager Elliott Management Corp sued the London Metal Exchange for more than $456 million after the exchange earlier this year. Suspended nickel trading and canceled some trades After the wildly fluctuating metal price.

According to Hong Kong Exchange and Clearing Limited, which owns the LME, Elliott is challenging the exchange’s decision to cancel trades made in the early hours of March 8.