A second class action anti-trust lawsuit has been filed against the five permanent members of the London Fix.
The lawsuit was filed last week in a New York court. It complains the London fix is anti-competitive as it allows market competitors to privately set prices. The lawsuit has been filed by two firms and draws on evidence supplied by both news organisations and work undertaken by GATA consultant, James McShirley.
This is the second class action lawsuit filed against the permanent members of the London fix following AIS Capital Management’s decision to sue for damages.