Panel: Investors Did Not Show They Were Damaged By Market Manipulation Scheme

Mealey's (May 9, 2018, 2:00 PM EDT) -- NEW YORK — Although investors have shown that they have standing to bring their claims for damages under the Commodities Exchange Act (CEA), they have failed to show that they were damaged as a result of a market manipulation scheme in which an oil and gas company and its affiliates manipulated the price of oil and gas commodities at regional hubs in the western United States, a Second Circuit U.S. Court of Appeals panel ruled May 4 (Alan Harry, et al. v. Total Gas & Power North America Inc., et al., No. 17-1199, 2nd Cir., 2018 U.S. App. LEXIS 11730)....