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Mirant Corp. shareholders have filed 20 federal suits accusing the Atlanta-based firm of manipulating California electricity prices to reap illegal profits and artificially inflate its stock. The suits claim the energy company broke federal antitrust laws to boost California's electricity prices to record highs and reap billions in profits for Mirant and other companies that marketed electricity there.
August 02, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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