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FERC Sues Barclays PLC In U.S. Court Over Power Market Manipulation-Reuters


Thursday, 10 Oct 2013 09:04am EDT 

Reuters reported that U.S. federal energy regulators said on October 10, 2013 they filed suit in federal court in California against British bank Barclays Plc to recover $435 million in civil penalties for alleged power market manipulation. The U.S. Federal Energy Regulatory Commission (FERC) said it is seeking an order from the court affirming FERC's July 16 order assessing civil penalties against the bank and four of its traders. 

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