9th Circ. Makes U-Turn, Nixes Gas Price-Gouging Suit

Law360, New York (December 3, 2009, 6:55 PM EST) -- A federal appeals court has affirmed a lower court's decision to dismiss a putative antitrust class action against Exxon Mobil Corp., Shell Oil Co. and other major oil companies alleging a conspiracy to drive up prices of the only type of gasoline that can be sold in California, overturning an April decision by the same appeals court panel to revive the case.

In a decision issued Wednesday, the U.S. Court of Appeals for the Ninth Circuit completely revised its view of a suit first filed in...
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