Ninth Circuit Tosses Case Over Electricity Rates

Law360, New York (November 20, 2007, 12:00 AM EST) -- A federal appeals court panel on Tuesday affirmed the dismissal of a lawsuit brought by chemical manufacturer Wah Chang against a slew of energy companies for alleged price manipulation during the 2000-2001 Western energy crisis.

In a 2-1 decision, the U.S. Court of Appeals for the Ninth Circuit said antitrust law may not be used to invalidate a filed rate, and that it is obligated to turn away all electricity purchasers who attempt to bring such actions.

It added that price increases during the energy crisis...
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.