Nothing directly related to CYM here but some interesting words about Glencore..... There may be a small silver lining that the deal didn't come off as long as we can secure funding elsewhere???? From Fin reviewCommodities
Glencore faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant pleaded guilty to market manipulation and bribery.
Mubadala Investment Company and International Petroleum Investment Company are among over a dozen funds who filed claims at a London court against Glencore and a group of its executives in recent weeks, according to court records.
While there is no public record of what the claimants allege, people familiar said it was linked to the more than $1 billion fine Glencore paid in May. The firm admitted to bribery and market manipulation stretching over a decade, Glencore said at the time that the company had changed since the wrongdoing.
