2nd Circ. Asked To Nix Doc Disclosure In Oil Futures Suit

Law360, New York (January 3, 2014, 12:15 PM EST) -- Shell Oil Co., Morgan Stanley Capital Group Inc. and Plains All American Pipeline LP told the Second Circuit on Thursday that a lower court exceeded its authority in allowing the disclosure of sensitive documents provided to federal investigators in a proposed class action alleging certain oil traders manipulated the crude futures market.

The three companies are fighting an order from U.S. District Judge William H. Pauley III requiring defendants Parnon Energy Inc. and Arcadia Petroleum Ltd. to provide the sensitive documents to the class that were...
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