Deutsche Threatens Suit If FERC Doesn't Drop $1.5M Fine

Law360, New York (November 8, 2012, 3:16 PM EST) -- Deutsche Bank AG’s energy trading unit on Monday threatened to take the Federal Energy Regulatory Commission to court if it doesn’t drop a proposed $1.5 million fine for the alleged manipulation of electricity prices in California, saying the regulator had taken a “radical” legal position.

According to Deutsche Bank Energy Trading LLC’s answer to FERC’s order to show cause, FERC’s allegations that DBET manipulated the California electricity market using bogus physical power trades to increase the value of other speculative investments are based around the incorrect...
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