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Evening Standard

Business

Simon English

Hedge funds line up lawsuits over nickel market chaos

LME London Metal Exchange London

The London Metal Exchange was forced to intervene in the nickel market
(Picture: PA)

THE LONDON Metal Exchange is facing possible lawsuits from hedge funds over the chaos in the nickel market that saw $4 billion of trades suddenly cancelled.

The hedge funds and other market participants are taking advice and have been told there are legal grounds for a potential claim that would run into many millions of pounds.

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