Attys Push 2nd Circ. To Resurrect KeySpan Antitrust Suit

Law360, New York (November 15, 2011, 4:13 PM EST) -- Plaintiffs' lawyers urged the Second Circuit on Monday to revive a putative antitrust class action claiming KeySpan Corp. and Morgan Stanley Capital Group Inc. entered into a derivative transaction agreement that allowed the electricity provider to keep power prices artificially high.

In a reply brief filed with the federal appeals court on behalf of named plaintiff Charles Simon, attorneys said KeySpan and Morgan Stanley overstated the role of the Federal Energy Regulatory Commission in monitoring the challenged KeySpan prices. The brief asked the Second Circuit to...
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