NiSource To Appeal $404M Verdict To Supreme Court

Law360, New York (May 23, 2008, 12:00 AM EDT) -- Energy provider NiSource Inc. said Thursday that it planned to appeal a $404 million verdict in a price-fixing class action to the U.S. Supreme Court.

The Supreme Court of Appeals of West Virginia decided not to hear the company’s appeal of the multimillion verdict.

In January 2007, a West Virginia jury handed down the $404 million verdict in a class action alleging that a former NiSource subsidiary, Columbia Natural Resources LLC, underpaid royalties and engaged in price-fixing with another company.

A class of about 8,000 royalty...
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