Mark Allen, a former leader of Glencore International PLC's (GLEN.LN) cotton trading team, sued Louis Dreyfus Commodities BV, alleging Dreyfus artificially inflated prices of cotton futures contracts expiring in May 2011 and July 2011, Reuters reported Monday.

The lawsuit alleges Dreyfus and other defendants used "monopoly power and collusion," Reuters reported.

Louis Dreyfus had no immediate comment, the report said.

Full story at http://www.reuters.com/article/2012/07/02/us-cotton-manipulation-lawsuit-idUSBRE86115920120702

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