Energy Trader Tried To Manipulate Market: Jury

Law360, New York (January 16, 2008, 12:00 AM EST) -- A jury on Tuesday found a former Shell Trading Gas and Power Co. employee falsely reported natural gas prices to boost profits for Coral Energy Resources LP, but his lawyer said that the verdict was inconsistent and should be overturned.

The jury in the case, brought in the U.S. District Court for the Southern District of Texas, found that the defendant, Anthony Dizona, “intended to attempt to manipulate the market price of [natural gas] in interstate commerce” on eight occasions.

However, it did not find that...
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