Shell Gas Trader Off Hook In CFTC Manipulation Suit

Law360, New York (January 15, 2010, 12:52 PM EST) -- A Shell Trading Gas & Power Co. commodity trader found to have attempted to manipulate the natural gas market will not have a new trial following a judge's decision to set aside the verdict, a federal appeals court has ruled over the U.S. Commodity Futures Trading Commission's objections.

A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit on Thursday affirmed the district court's decision to grant Coral Energy Resources LP trader Anthony Dizona judgment as a matter of law dropping the jury...
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