JPMorgan Must Justify Withholding Docs In FERC Bid Probe

Law360, New York (July 5, 2012, 6:05 PM ET) -- A federal judge on Wednesday gave JPMorgan Ventures Energy Corp. eight days to explain why it shouldn't have to turn over emails to the Federal Energy Regulatory Commission, which is investigating whether the company employed bidding practices designed to manipulate California and Midwest electricity markets.

U.S. District Judge Colleen Kollar-Kotelly said in a show-cause order that JPMorgan has until July 13 to submit a brief arguing why she shouldn’t grant FERC’s petition to enforce two subpoenas the regulator issued to JPMorgan seeking 25 e-mails the company...
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