Kentucky Alleges Marathon Broke Price-Gouging Law

Law360, New York (May 11, 2007, 12:00 AM EDT) -- The Commonwealth of Kentucky sued Marathon Oil Corp. Thursday for allegedly violating a Kentucky price-gouging law, accusing the Houston-based energy company of substantially raising prices at its Kentucky gas stations and at wholesalers in the aftermath of Hurricane Katrina.

In response, Marathon countersued, stridently denying the accusations while also claiming that the price-gouging law is unconstitutional.

The initial suit was filed in Kentucky’s Franklin County District Court by state Attorney General Gregory D. Stumbo.

Marathon is a leading integrated energy company, with 2006 revenues totaling $65...
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