In re Aluminum Warehousing Antitrust Litig.

Appellants claim that some aluminum futures traders, having acquired some operators of aluminum warehouses, manipulated a price component for aluminum in the Detroit metro area. The district court dismissed the complaints and denied two groups of plaintiffs leave to amend, while permitting a third group to amend their complaint. The district court then concluded that appellants lacked antitrust standing because they did not demonstrate that they suffered antitrust injury or that they were efficient enforcers of the antitrust laws, and that they would be unable to show that they were efficient enforcers through repleading. The district court also determined that appellants failed to state a claim under various state consumer protection and unfair trade practices laws. The court held that appellants lack antitrust standing on the ground that they did not (and could not) suffer antitrust injury. The court also held that their state law claims were inadequately pleaded. Accordingly, the court affirmed the judgment. View "In re Aluminum Warehousing Antitrust Litig." on Justia Law