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5th Circ. Clears BP Traders Of Propane Antitrust Plot

Law360 (January 27, 2011, 7:21 PM EST) -- The Fifth Circuit has affirmed the dismissal of a criminal case accusing four ex-BP Products North America Inc. commodities traders of conspiring to manipulate the U.S. propane market.

The U.S. Court of Appeals for the Fifth Circuit on Thursday upheld a lower court's ruling that the defendants' conduct was not criminal because it fell within an exemption to the Commodities Exchange Act.

In 2009, the U.S. District Court for the Southern District of Texas dismissed the indictments against former natural gas traders Cody Dean Claborn, Carrie...
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