Barclays Market Manipulation Case Settles for $105 Million, What We Learned and What’s Next?

Originally published by Energy Legal Blog ®.

After more than four years of litigation in federal district court, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) yesterday issued an order approving a $105 million settlement resolving allegations that Barclays Bank PLC and certain of its traders (“Barclays”) participated in a scheme to manipulate western energy markets.  The settlement, which reflects a significant reduction from the penalty sought by FERC, comes on the heels of the federal court granting one of the four individual defendant’s Motion for Judgment on the Pleadings based on the action being

Energy
Michael Brooks, Stephen Hug, Bob Pease, David Perlman, Sarah Rafie, Serena Rwejuna, Paul Wight
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