In re Crude Oil Commodity Futures Litig., 11-cv-03600 (S.D.N.Y.)

On June 8, 2015, the Honorable Katherine B. Forrest preliminarily approved Plaintiffs’ settlement with Parnon Energy Inc., Arcadia Petroleum Ltd., Arcadia Energy (Suisse) SA, James T. Dyer, and Nicholas Wildgoose (“Defendants”). Plaintiffs alleged that Defendants’ conduct manipulated New York Mercantile Exchange (“NYMEX”) and IntercontinentalExchange (“ICE”) WTI crude oil futures and option contract prices between January 1 and May 15, 2008 inclusive (“Class Period”). Defendants have agreed to pay $16,500,000 in order to settle the claims against them. Persons who transacted in WTI and/or ICE futures or option contracts during the Class Period may be eligible to submit proofs of claim seeking to qualify for a payout from the Settlement. Lovell Stewart is co-lead counsel in this action. Class members can find proof of claim forms and additional information about the Settlement on the official settlement website www.crudeoilfuturessettlement.com. Please contact Christopher M. McGrath (cmcgrath@lshllp.com).