Glencore reaches $9.85 million zinc rigging settlement in New York
Staff Reporter | Jul 26, 2021 09:16 PM EDT
Glencore reaches $9.85 million zinc rigging settlement in New York (Photo : REUTERS/Arnd Wiegmann/File Photo)
NEW YORK (Reuters) - Glencore Plc agreed to pay $9.85 million to resolve a private U.S. antitrust lawsuit accusing two units of the Anglo-Swiss mining company of trying to monopolize the market for zinc, driving up its price.
The preliminary settlement disclosed in a Friday night filing with the U.S. District Court in Manhattan would resolve litigation that began in May 2014. It requires approval by U.S. District Judge Paul Engelmayer.
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Glencore reaches $9 85 million zinc rigging settlement in New York
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