Class Action Targets BP In Propane Price Manipulation

Law360, New York (June 29, 2006, 12:00 AM EDT) -- The first class action was filed against BP Products North America just one day after a former trader at the U.S. unit pled guilty to partaking in a scheme to manipulate the propane market.

Dennis N. Abbot admitted to the conspiracy charge for cornering the propane sector in 2004 in a district court in Washington, D.C. on Wednesday. The class action on behalf of purchasers of propane gas or propane contracts immediately followed Thursday in the U.S. District Court for the Northern District of Illinois....
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