What specific legal claim did Elliott Investment Management file against the London Metal Exchange (LME) in its new lawsuit?

Elliott Investment Management filed a lawsuit with the UK’s Competition Appeal Tribunal alleging that the LME and its parent company, Hong Kong Exchanges & Clearing (HKEX), 'infringed the prohibition on abuse of dominance' under UK competition law. According to HKEX’s statement, Elliott’s two units claim this infringement stems from the LME’s failure to prevent disorderly trading during periods of severe market stress and its failure to identify and manage conflicts of interest.

How did HKEX respond to Elliott’s new legal action against the LME?

HKEX stated it will contest the claim 'vigorously' and views the lawsuit as 'without merit.' This response was issued in a formal statement on Tuesday, following the filing of the lawsuit with the UK’s Competition Appeal Tribunal.

Elliott Launches New Legal Action Against LME Over Nickel Trades

Sep 8, 2026

Elliott Investment Management filed a lawsuit against the London Metal Exchange alleging abuse of dominance during the 2022 nickel crisis, which the exchange operator vows to contest vigorously under UK competition law.

bloomberg

2026-09-08

Elliott Launches New Legal Action Against LME Over Nickel Trades

Elliott Launches New Legal Action Against LME Over Nickel Trades

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