"The key question to me now is the point of valuation," Daniel Charest of Burns Charest LLP said. "According to this opinion, if that point is not specifically the wellhead, you’re going to get the benefit of your no-deduction protections."...

Dallas trial lawyer Warren Burns’ four-year-long contentious antitrust and commodities litigation against two London-based energy companies and a handful of their officials has resulted in a $16.5 million settlement. “We believe that this is a very good outcome for those businesses and individuals who were harmed by this market manipulation,” he said....

“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....

“We believe that this is a very good outcome for those businesses and individuals who were harmed by this market manipulation,” Warren Burns of Burns Charest LLP, co-lead counsel for the plaintiffs, said in a Thursday statement. “This was an extremely hard-fought case.”...

Two London-based companies and certain employees involved in trading West Texas Intermediate crude oil (WTI) and oil futures have agreed to pay $16.5 million to settle a lawsuit accusing the defendants of artificially manipulating the price of oil in order to reap huge profits....