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Fund manager Elliott Associates has sued London Metal Exchange (LME) for $456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearing Ltd , the Hong Kong bourse said on Monday.
LME and LME Clear Limited have been named as defendants in a judicial review claim filed in a British court by Elliott Associates and Elliott International in early June, LME's parent HKEX said in a filing.
The hedge fund seeks to challenge LME's decision to cancel its trades in nickel contracts executed on or after 00:00 British time on March
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