Patel Hammond PLLC Files Lawsuit Against GDF Suez Energy North America, Inc. and Others Regarding Commodity Market Manipulation

Author: admin
Posted: 24 April 2014


April 24, 2014

Contact: Barry Hammond


Phone: (713) 570-6000

Houston, Texas – On Tuesday, April 22, 2014, Barry M. Hammond, Jr. and Patel Hammond PLLC filed a lawsuit on behalf of Aspire Commodities, LP and Raiden Commodities, LP in the U.S. District Court for the Southern District of Texas against GDF Suez Energy North America, Inc. and others.  The suit alleges the defendants have intentionally exploited ERCOT’s market rules and operations to manipulate outcomes in physical and financial commodities markets.  T. Joseph Wendt and Stephen J. Dutton of Barnes & Thornburg LLP have been retained as Of Counsel by Aspire Commodities, LP and Raiden Commodities, LP in this suit.

You can view a copy of the lawsuit by clicking here.

Additionally, Raiden Commodities, LP filed a petition with the Public Utility Commission of Texas on April 21, 2014 requesting repeal of ERCOT’s “small fish” exemption – the heart of GDF Suez Energy North America, Inc.’s alleged commodities market manipulation schemes.

You can view a copy of the rulemaking petition by clicking here.

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This lawsuit has been covered in the following publications:

Al Jazeera America

Courthouse News Service

Dallas Morning News

Fort Worth Star-Telegram

Houston Chronicle

Larry Doyle’s Sense on Cents

Texas Coalition for Affordable Power

Texas Tribune




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