Ropes & Gray Attorney Discusses FERC Anti-Manipulation Powers in Bloomberg BNA
In a July 15 article published by Bloomberg BNA “Daily Report for Executives,” a Ropes & Gray attorney discusses the implications of a decision by the Federal Energy Regulatory Commission (FERC) to deny a BP motion to dismiss allegations that it manipulated natural gas markets in 2008. In denying BP’s motion, FERC rejected a challenge to its jurisdiction over allegedly manipulative transactions, which was based on a decision reached 14 months earlier in which the Washington D.C. Circuit Court of Appeals held that FERC lacked jurisdiction over allegedly manipulative natural gas futures transactions. The article was authored by Ropes & Gray litigation associate Joseph Harrington (New York).
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