Royal Dutch Shell Plc  .com Rotating Header Image

Shell Says Aluminum Ruling Helps Kill Oil Antitrust Claims

screen-shot-2016-10-13-at-21-33-03

Law360, New York (October 12, 2016, 9:50 PM EDT) — Two Royal Dutch Shell PLC affiliates accused of market manipulation told a New York federal court Wednesday that derivative traders lack standing to assert antitrust claims, citing another judge’s recent decision nixing claims in multidistrict litigation accusing Goldman Sachs & Co. and others of manipulating aluminum prices.

The Shell companies are part of multidistrict litigation accusing various oil companies of manipulating the price of North Sea Brent crude oil and Brent crude oil futures, by engaging in fraudulent physical trades and systematically submitting information about those…

FULL ARTICLE

Comments are closed.

%d bloggers like this: