Attys Awarded $8.5M In Oil Futures Manipulation Settlement

By Kevin Penton (January 22, 2016, 6:55 PM EST) -- A New York federal judge on Thursday granted final approval to a $16.5 million deal that settles a class action that alleged two London-based companies violated antitrust laws by manipulating oil futures markets, awarding $8.49 million in attorneys' fees and expense reimbursements.

U.S. District Judge Katherine B. Forrest signed off on the deal that settles claims by a class of traders that Parnon Energy Inc., Arcadia Petroleum Ltd. and certain employees violated the Commodity Exchange Act and the Sherman Antitrust Act by controlling the price of West Texas Intermediate crude oil futures on the New York Mercantile Exchange and the Intercontinental...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!