Judge Refuses To Revive KeySpan Antitrust Action

Law360, New York (May 31, 2011, 1:35 PM EDT) -- A New York federal judge on Friday shot down a bid to revive a putative class action alleging KeySpan Corp. and Morgan Stanley Capital Group Inc. had an agreement that allowed the electricity generation company to keep power prices artificially high.

U.S. District Judge Shira Scheindlin denied Charles Simon’s motion for reconsideration of her decision to dismiss his complaint based on the filed rate doctrine and lack of antitrust standing.

Simon filed his suit in July 2010, seeking damages of at least $118 million on behalf...
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