3rd Circ. Won't Rethink Ambit Energy Rate-Hike Ruling

Law360, New York (February 7, 2017, 1:44 PM EST) -- The Third Circuit on Monday denied an Ambit Energy unit's bid for reconsideration of a ruling that revived a putative class action accusing the company of boosting customers' rates after wooing them with promises of lower prices.

After a three-judge panel in January ruled that an ambiguity in Ambit's customer contract was a good enough reason to vacate a district court's summary judgment ruling in favor of the company, Ambit told the court that a rehearing was needed to set the panel's reasoning straight. The company said that even if the panel correctly determined that one contract provision was ambiguous, it should have...

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