News

June 5, 2015

Wall Street Journal Covers Firm’s Role in Oil Price Manipulation Case

Settlement Proposed in Market-Manipulation Case

Plaintiffs allege Parnon Energy and Arcadia Petroleum distorted crude oil prices by more than $1 billion

“This lack of precedent makes evaluating the strength of a CEA case more difficult and more unpredictable,” lawyers for the plaintiffs said in the filing. Another factor was a motion to dismiss the case filed by the defendants, in part raising issues involving the statute of limitations.

Read the full article on The Wall Street Journal