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U.S. Oil Probe Disclosure Delayed as Court Mulls Speedy Appeal

Screen Shot 2013-11-21 at 00.15.41Oil traders including Morgan Stanley (MS:US) and Royal Dutch Shell Plc (RDSA) asked a Manhattan federal judge to block the release of millions of records to plaintiffs lawyers… The files include e-mails, depositions, trading records and audio files.

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November 20, 2013

The court-ordered disclosure of internal oil company documents including e-mails and trading records from a 6-year U.S. probe will be delayed at least six days while a federal appeals court considers speeding up review of a challenge to the ruling.

Oil traders including Morgan Stanley (MS:US) and Royal Dutch Shell Plc (RDSA) asked a Manhattan federal judge to block the release of millions of records to plaintiffs lawyers — files that had been gathered by the Commodity Futures Trading Commission as part of its probe begun in December 2007.

The files include e-mails, depositions, trading records and audio files. U.S. District Judge William H. Pauley on Oct. 25 held that he would allow lawyers leading a lawsuit claiming market manipulation.

To contact the reporter on this story: Bob Van Voris in federal court in Manhattan at [email protected]

To contact the editor responsible for this story: David E. Rovella at [email protected]

SOURCE

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