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Elliott and Jane Street: Unravelling The Short Squeeze Court Case

The London Metal Exchange (LME) emerged victorious in a court battle against Elliott Investment Management and Jane Street over its decision to halt a short squeeze in the nickel market.

The headquarters of Jane Street, who lost their court battle against London Metal Exchange over controversial market halt. PHOTO: Jane Street
The headquarters of Jane Street, who lost their court battle against London Metal Exchange over controversial market halt. PHOTO: Jane Street

The court ruled in favor of the LME, stating that its executives have the authority to make urgent decisions.

Last year, the LME faced backlash for suspending the nickel market and cancelling $12

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