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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Case Information

Case Title

Federal Energy Regulatory Commission v. Barclays Bank PLC et al


Case Number

2:13-cv-02093

Court

California Eastern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Judge

Troy L. Nunley

Date Filed

October 9, 2013

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