UK Watchdog Fines London Metal Exchange Over Handling of 2022 Nickel Crisis March 21, 2025 By Polina Devitt and Eric Onstad Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three...
London Metal Exchange Failed to Probe Tsingshan Before Nickel Chaos, Court Hears June 22, 2023 By Eric Onstad The London Metal Exchange failed to investigate a large nickel position held by China’s Tsingshan that sparked a chaotic surge...
London Metal Exchange Canceled Nickel Trades to ‘Save’ China’s Tsingshan, Court Told June 21, 2023 By Sam Tobin, Eric Onstad and Pratima Desai The London Metal Exchange canceled $12 billion worth of trades when nickel prices went haywire in March 2022 to “save”...
Hedge Fund Elliott Sues London Metal Exchange for $456M Over Nickel Trading Halt June 7, 2022 By Selena Li and Eric Onstad U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for canceling nickel trades after...
ED&F Man Wins Claim Against Singapore Commodities Trader in $283M Metals Fraud February 18, 2022 By Eric Onstad A British high court judge ruled on Wednesday in favor of broker ED&F Man in a claim against Singapore commodities...
Commodities Broker Files $284M Suit Alleging Metals Fraud – in Echo of Natixis/Marex Case January 23, 2019 By Eric Onstad Broker ED&F Man has filed a $284 million lawsuit against two Hong Kong companies, alleging that they knowingly provided fraudulent...
Marex Spectron’s Metals Financing Deal Triggers Fraud Lawsuit, Insurance Dispute January 18, 2019 By Eric Onstad Commodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalized a...
BP Test of New Cap on Gulf Oil Well Could Be Turning Point July 13, 2010 By Eric Onstad and Alexandria Sage BP Plc prepared on Tuesday to test a new cap on its runaway well, arresting the flow of oil which...