Ex-Glencore Trader Sues Louis Drefyus Commodities Over Cotton Trading -Reuters
03 July 2012 - 7:40AM
Dow Jones News
Mark Allen, a former leader of Glencore International PLC's
(GLEN.LN) cotton trading team, sued Louis Dreyfus Commodities BV,
alleging Dreyfus artificially inflated prices of cotton futures
contracts expiring in May 2011 and July 2011, Reuters reported
Monday.
The lawsuit alleges Dreyfus and other defendants used "monopoly
power and collusion," Reuters reported.
Louis Dreyfus had no immediate comment, the report said.
Full story at
http://www.reuters.com/article/2012/07/02/us-cotton-manipulation-lawsuit-idUSBRE86115920120702
Write to nymonitoring@dowjones.com
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