What We Learned From Barclays Market Manipulation Case

Law360, New York (December 7, 2017, 11:44 AM EST) -- On Nov. 7, after more than four years of litigation in federal district court, the Federal Energy Regulatory Commission issued an order approving a $105 million settlement resolving allegations that Barclays Bank PLC and certain of its traders participated in a scheme to manipulate western energy markets. The settlement, which reflects a significant reduction from the penalty sought by FERC, comes on the heels of the federal court granting one of the four individual defendant’s motion for judgment on the pleadings based on the action being...
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