9th Circ. Resurrects Calif. Gas Price-Gouging Action

Law360, New York (April 6, 2009, 12:00 AM EDT) -- A federal appeals court has revived a long-running antitrust suit against several major oil companies after ruling that a California Supreme Court decision dismissing a similar case brought by retail purchasers alleging a conspiracy to drive up prices does not bar gas wholesalers from pursuing their claims under a different theory.

In a split decision Friday, a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit found that the plaintiffs' argument — that 44 individual bilateral agreements among the oil companies had the...
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