A lawsuit against Goldman manufacturers , JP Morgan and Glencore , accusing them of attempting to drive up the price of the metal used to protect zinc against corrosion , has been dropped after a new York district court found that " purchasers failed to show that the defendants artificially inflated zinc prices by violating the Sherman Act , a federal antitrust law " . The alleged conspiracy involved transporting and moving zinc from one warehouse to another , falsifying records and manipulation of London Metal Exchange ( LME ) rules . Metal purchasers said the moves caused artificial supply shortages that affected prices , however , the judge said other factors could have influenced prices .
A lawsuit against Goldman Sachs, JP Morgan and Glencore, accusing them of conspiring to drive up the price of the metal used to protect steel against corrosion, has been dropped after a New York district court found that "purchasers failed to show that the defendants artificially inflated zinc prices by violating the Sherman Act, a federal antitrust law". The alleged conspiracy involved hoarding and moving zinc from one warehouse to another, falsifying records and manipulation of London Metal Exchange (LME) rules. Metal purchasers said the moves caused artificial supply shortages that boosted prices, however, the judge said other factors could have influenced prices.