The court said it would not second-guess the LME’s ‘specialist decision-maker’ role
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The LME faced a $470m lawsuit over last year's nickel crisis, but judges rule exchange was allowed a 'margin of discretion'
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The exchange argued the crisis would have caused further 'significant and systemic damage' but for its intervention
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Elliott and Jane Street said that even if the LME had the power to cancel trades, it was 'unlawful' to do so without a stated policy ahead of the time
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A lawsuit against the exchange from Elliott Management and Jane Street will be heard from 20 to 22 June
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Senior leaders gathered at London's One Marylebone for the 21st annual awards
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