Fallout From The KeySpan Swap Case

Law360, New York (October 12, 2010, 12:48 PM EDT) -- Despite agreement on a $12 million stipulation by KeySpan Corp. with the U.S. Department of Justice settling allegations that KeySpan used a financial swap to increase prices in New York City's electricity markets in violation of the Sherman Act, the fallout from those allegations continues with the filing of a new putative antitrust class action against KeySpan and Morgan Stanley seeking at least $118 million on behalf of customers who allegedly paid higher retail electricity rates due to the KeySpan swap at issue.

Moreover, the Public...
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