Law360, New York (June 21, 2016, 2:37 PM EDT) -- A New York federal judge on Monday denied requests to compel Goldman Sachs to produce documents in multidistrict litigation accusing the company of hoarding aluminum to fix prices, saying there was no evidence the financial institution possessed the data in one instance and it already coughed it up in another.There is no need for Goldman to produce data about London Metal Exchange futures deliveries and physical holdings, as requested by purchasers of the aluminum, because Goldman has already done so or has agreed to do so, U.S. District Judge Katherine B. Forrest said in a memo. In addition, there is... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
A New York federal judge has announced that there is no evidence that Goldman Sachs possesses any data relating to the hoarding of aluminium. Judge Jed Rakoff said in a ruling on Friday that he found "no evidence" that Goldman's computer systems were being used for "hoarding" aluminium and other metals.