Kodak Sues Goldman Sachs for Hoarding Aluminum

The Goldman Sachs Group and JPMorgan Chase & Co., in concert with hedge funds, commodities traders and others, manipulated commodities markets, breaching antitrust laws and costing Eastman Kodak Co. dearly, Kodak claims in a lawsuit.

Filed July 28 in U.S. District Court in Rochester, NY, the action maintains Goldman Sachs and nine alleged U.S. and foreign co-conspirators deliberately caused spikes in aluminum prices by hoarding stores of the metal in warehouses and shuffling ingots among them to create artificial shortages and hide their scheme.