The Challenges For CEA Price Manipulation Plaintiffs
By Mark Young, Jonathan Marcus, Gary Rubin and Theodore Kneller, Skadden Arps Slate Meagher & Flom LLP ( April 26, 2017, 5:23 PM EDT) -- The U.S. District Court in the Southern District of New York recently dismissed a class action alleging that Total SA, Total Gas & Power North America Inc., and Total Gas & Power Ltd. (collectively, "Total") manipulated physical and financial natural gas prices in violation of the Commodity Exchange Act, 7 U.S.C. §§ 1 et seq., and engaged in monopolization of the physical natural gas market in violation of the Sherman Act, 15 U.S.C. § 2. Harry v. Total Gas & Power N. Am. Inc., — F.Supp. 3d— SDNY Mar. 27, 2017) (Total Gas). The decision highlights important hurdles private litigants routinely face in pursuing manipulation claims that government agencies do not....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.