Kentucky Alleges Marathon Broke Price-Gouging Law

Law360, New York (May 11, 2007, 12:00 AM EDT) -- The Commonwealth of Kentucky sued Marathon Oil Corp. Thursday for allegedly violating a Kentucky price-gouging law, accusing the Houston-based energy company of substantially raising prices at its Kentucky gas stations and at wholesalers in the aftermath of Hurricane Katrina.

In response, Marathon countersued, stridently denying the accusations while also claiming that the price-gouging law is unconstitutional.

The initial suit was filed in Kentucky’s Franklin County District Court by state Attorney General Gregory D. Stumbo.

Marathon is a leading integrated energy company, with 2006 revenues totaling $65...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.