Law360, Washington (July 17, 2012, 7:14 PM ET) -- The Federal Energy Regulatory Commission on Tuesday slammed JPMorgan Venture Energy Corp.'s attempts to withhold requested emails from a probe over electricity market manipulation via bidding practices, saying the company's attorney-client privilege claims to shut out the regulator weren't credible.
FERC said it was investigating JPMorgan's possible manipulation of the electricity markets by extracting excessive payments at above-market prices that enabled more than $73 million in improper payments, and that part of that probe includes sifting through company emails.
The commission initially requested 53 emails from...
FERC Says JPMorgan Unit Can't Withhold Emails In Bid Probe
To view the full article, take a free trial now.
