Coral Energy Traders Settle False-Reporting Claims

Law360, New York (November 9, 2007, 12:00 AM EST) -- Five former Shell Trading Gas and Power Co. traders have agreed to pay $1 million and not to trade in energy-related markets to settle claims that they falsely reported natural gas prices to boost profits for Coral Energy Resources LP.

U.S. District Judge Kenneth M. Hoyt entered a consent order on Wednesday, which settles the U.S. Commodity Futures Trading Commission's claims against Denette Johnson, Courtney Cubbison Moore, Robert Harp, John Tracy and Kelly Dyer.

Another former Shell trader, Anthony Dizona, is the lone remaining defendant in...
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