Ex-BP NGL Trader Says He Was Fired To Allow Market Scheme

Law360, Houston (January 30, 2013, 11:52 PM EST) -- The former head of natural gas liquids trading for BP Energy Co. on Wednesday launched a suit in Texas court alleging he was fired in violation of his employment contract so the company could engage in a market manipulation scheme.

Drew Sickinger claims he was hired by BP in 2009 to head its NGL trading and, despite generating impressive returns, was terminated when his superiors decided to secretly influence propane and natural gas market prices.

“With Sickinger gone, BP is now positioned to engage in price...
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