Ambit Energy Gets RICO, Rate Suit Thrown Out

Law360, New York (March 29, 2017, 9:43 PM EDT) -- An Illinois federal judge has granted summary judgment to natural gas supplier Ambit Energy Holdings LLC and tossed a proposed class action brought by a ratepayer who alleged the company broke its promises, jacked up rates and violated the Racketeer Influence and Corrupt Organizations Act, ruling the company's conduct did not constitute mail or wire fraud.

Customer Oleg Kostovetsky brought claims that needed to demonstrate Ambit participated in a scheme to defraud him and others, but that bar of wrongdoing wasn’t met, according to a March 10 opinion by District Judge Gary Feinerman that was unsealed last week. The rate increases...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

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?
Beta
Ask a question!