As litigation over gas price manipulation allegations continues to mount following several settlements between gas marketing companies and the Commodity Futures Trading Commission, EnCana Corp. said late last month that it has temporarily withdrawn a request to have one case transferred to FERC until a decision is made on whether to combine the case with other class action lawsuits into one federal multi district litigation proceeding.
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EnCana Seeks Decision on Combining Multiple Gas Market Manipulation Suits
As litigation over gas price manipulation allegations continues to mount following several settlements between gas marketing companies and the Commodity Futures Trading Commission (see Daily GPI, Aug. 1), EnCana Corp. said Thursday that it has temporarily withdrawn a request to have one case transferred to FERC until a decision is made on whether to combine the case with other class action lawsuits into one federal multi district litigation proceeding.
Class Action Suits Filed Against Avista
A handful of law firms have filed class action lawsuits on behalf of Avista Corp.’s stockholders after the company reported a loss of $22.1 million or $0.47 per share in the second quarter, stemming from unhedged power trades in the forward market. The loss compared to a gain of $3.1 million or $0.08 per share in 2Q99.
Class Action Suits Filed Against Avista
A handful of law firms have filed class action lawsuits onbehalf of Avista Corp.’s stockholders after the company reported aloss of $22.1 million or $0.47 per share in the second quarter,stemming from unhedged power trades in the forward market.