Appeal follows the dismissal of the cases against the exchange last month
The London Metal Exchange and its owner Hong Kong Exchanges
and Clearing face further legal uncertainty in the US after the
plaintiffs in a case over the LME’s warehousing
practices appealed against an August court decision to dismiss
HKEx said in a statement: "On September 24, the putative
consumer and commercial classes of plaintiffs each filed an
appeal with the US Court of Appeals for the Second Circuit
appealing the District Court’s decision to dismiss
the LME on the basis of sovereign immunity grounds and a lack
of standing to pursue anti-trust claims."
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