Hailing what he termed thelargest-ever class-action settlement in the modern history of Americancommodities trading, a Manhattan federal judge yesterday approved a $139million accord between traders and defendants, who allegedly conspiredto corner the market in copper and manipulate the price of contracts incopper futures.

Judge Milton Pollack of theSouthern District of New York granted certification to a class definedas all persons trading in copper futures or options from June 1993 to June1996, and said that the settlement was in the best interest of all partiesto the suit and the court.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]