In the aftermath of California’s energy crisis, Reliant Energy Services Inc. gained the dubious distinction in 2004 of becoming the first company in the 70-year history of the commodity price manipulation law to be charged criminally.
Now the case — on appeal before it even goes to trial — has the potential to help define when brokering an array of commodities crosses the line into criminal conduct, and to make price manipulation a more viable tool for prosecutors.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
For questions call 1-877-256-2472 or contact us at [email protected]