Investors may sue Moscow Exchange for $13 mln over May WTI futures negative price
Business & Economy
April 24, 2020, 14:21
More than 150 investors plan to join the lawsuit, according to the Milton Legal law firm
MOSCOW, April 24. /TASS/. The amount of investors’ lawsuit against the Moscow Exchange due to the closure of May futures for WTI crude oil at a negative price could make 1 billion rubles ($13 mln), a representative with the Milton Legal law firm told TASS.
"The approximate amount of claims at the moment is about 1 billion rubles," the lawyers said.
More than 150 investors plan to join the lawsuit. The data will be promptly updated as new plaintiffs join the lawsuit, the law firm explained.