Elliot suing the London Metal Exchange

 

Elliott, the macho hedge fund that forced Argentina to pay in full its bonds, making a few hundred million, is now suing the London Metal Exchange (pic) for 456 million dollars, for halting trading and canceling bets on the nickel market when chaos developed. 

WHAT HAPPENED ON MARCH 8?

The world's largest and oldest forum for trading suspended disorderly nickel trading after prices doubled in a few hours on expectations that China's Tsingshan Holdings and others would have to cut their large short position.

Short positions are bets on lower prices. Tsingshan sold large amounts on nickel using futures contracts, which the market expected it would have to buy back.

I presume that Mr. Singer is persona non grata in the United Kingdom. His heraldic animal must be the vulture.