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Obtained $16.5 Million Settlement Resolving Alleged Manipulation of WTI Oil Futures Prices
In re Crude Oil Commodity Futures Litigation, 11-cv-03600 (S.D.N.Y.)
Robins Kaplan served on the executive committee in this lawsuit filed on behalf of a proposed class of traders who transacted in West Texas Intermediate (“WTI”) crude oil futures and options contracts on the New York Mercantile Exchange and InterContinental Exchange, alleging that defendants intentionally and unlawfully manipulated the prices of WTI crude oil futures and options contracts in violation of federal antitrust laws and the Commodity Exchange Act. Settlements totaled $16.5 million.
Past results are reported to provide the reader with an indication of the type of litigation we practice. They do not and should not be construed to create an expectation of result in any other case, as all cases are dependent upon their own unique fact situation and applicable law.
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