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CFTC sues three firms for manipulation of 2008 crude oil prices

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • May 25 2011

On May 24, 2011, the U.S. Commodity Futures Trading Commission (CFTC) filed a civil complaint in the United States District Court for the Southern District of New York alleging that three speculators, Parnon Energy Inc. (Parnon) of California, Arcadia Petroleum Ltd

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