Matt Connolly Quoted in Bloomberg on Energy Trading Case Decision SignificancePrint PDF
Matt Connolly, a senior associate in Nutter’s Litigation Department, was recently quoted in the Bloomberg article, Ex-Barclays Trader Crowed He Fouled Power Market, Beats Fine. Matt commented on a recent Sacramento ruling, Federal Energy Regulatory Commission v. Barclays Bank Plc, which stated the Federal Energy Regulatory Commission (FERC) had waited too long to bring a case against a Barclay trader for alleged manipulation. Matt said, “There’s been no decision in federal court confirming or denying that FERC’s market manipulation is in accordance with their statute.” According to Matt, this ruling will have a significant impact on the energy market as it signals that regulators will need to pursue enforcement actions on a faster timeline.
Matt’s quote also appeared in Arab Economic News, Repubblica Online, and Emirates Business.
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