Barclays Gets FERC's $453M Manipulation Fine Delayed

Law360, New York (January 17, 2014, 1:22 PM EST) -- A California federal judge on Thursday granted Barclays PLC’s bid to delay the enforcement of a $453 million market-manipulation penalty imposed by the Federal Energy Regulatory Commission against the bank and four of its traders until he considers Barclays’ efforts to nix the penalty.

After a hearing on the issue, U.S. District Judge Troy L. Nunley granted in part Barclays’ motion to stay FERC’s petition to assess the penalty until he rules on the bank’s motions to dismiss the case or transfer it to the Southern...
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