BP, Others Face Price-Fixing Claims In 1st Private Suit

Law360, New York (May 23, 2013, 4:41 PM EDT) -- BP PLC, Royal Dutch Shell PLC and Statoil ASA were accused Wednesday in New York federal court of manipulating prices for crude oil futures, the earliest known private antitrust action lodged after a European regulator raided several oil companies over similar allegations.

A putative class of commodities traders accused BP, Shell and Statoil of violating the Sherman Act and Commodity Exchange Act by manipulating prices of North Sea Brent Crude oil and Brent Crude oil futures contracts traded on the New York Mercantile Exchange and the...
To view the full article, register now.




Case Information

Case Title

Prime International Trading, Ltd. v. BP Plc et al

Case Number



New York Southern

Nature of Suit



Kenneth M. Karas

Date Filed

May 22, 2013

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.