Brent Crude Oil Price-Fixing: Have We Seen This Before?

Law360, New York (August 1, 2013, 1:23 PM EDT) -- The recently filed cases against BP PLC, Royal Dutch Shell PLC and Statoil ASA alleging manipulation of Brent crude oil prices,[1] and the resulting manipulative effect on the price of Brent crude oil futures traded on futures exchanges, may be a case of history repeating itself. The allegations in these new complaints are very similar to those made in the well-known 2004 commodities class action In re Natural Gas Commodity Litigation. The Natural Gas plaintiffs similarly alleged that manipulation of physical natural gas prices affected the...
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