NY High Court Won't Reboot KeySpan Price Inflation Suit

Law360, New York (August 29, 2012, 4:24 PM EDT) -- New York's highest appeals court on Tuesday refused to hear a now-dismissed class action that accused energy company KeySpan Corp. and Morgan Stanley Capital Group Inc. of colluding to keep power prices artificially high.

The New York Court of Appeals rejected Liszeida Perez's bid to revive her case, which was tossed out by the the state's mid-level Appellate Division in April. The lower appeals court said the Federal Energy Regulatory Commission had exclusive authority over Keyspan's pricing under the filed rate doctrine, and that the agency...
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