FERC Fights Barclays Trader's Bid To Exit $453M Penalty Case

Law360, New York (August 11, 2017, 7:45 PM EDT) -- The Federal Energy Regulatory Commission told a California federal court Thursday that a dismissal bid by one of the four Barclays PLC traders accused of market manipulation should be denied, arguing that the five-year statute of limitations tolled long enough for the case to include him.

FERC told the court that Barclays trader Ryan Smith's request to be dismissed from a case accusing him, Barclays and three other traders of manipulating electricity prices should be denied because Smith misinterprets when a tolling agreement ended and what...
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Case Information

Case Title

Federal Energy Regulatory Commission v. Barclays Bank PLC et al


Case Number

2:13-cv-02093

Court

California Eastern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Judge

Troy L. Nunley

Date Filed

October 9, 2013

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