Glencore allowed to pursue UK refinery lawsuit
London’s High Court ruled Glencore can bring a lawsuit against the now-insolvent Prax’s Lindsey refinery over about $236 million of crude oil supplied before Prax’s collapse.
Commodities trader Glencore LSE:GLEN can proceed with a lawsuit against the now-insolvent Prax's Lindsey refinery over around $236 million of crude oil it supplied before the firm's collapse, London’s High Court ruled on Monday. The London-listed company is seeking to recover losses after last year’s collapse.