High Court Won't Hear Keyspan Price-Gouging Suit

Law360, New York (April 23, 2013, 9:44 PM EDT) -- The U.S. Supreme Court on Monday declined to review the dismissal of a consumer’s putative antitrust class action alleging KeySpan Corp. used a complex financial transaction with Morgan Stanley Capital Group Inc. to gouge New York City electricity buyers.

Plaintiff Charles Simon had asked the high court to overturn the Second Circuit’s September ruling that both his federal and state claims against KeySpan and Morgan Stanley were barred by the so-called filed-rate doctrine, which prevents consumers from challenging regulator-approved rates. He argued the doctrine had been...
To view the full article, register now.