Price rigging class action against JP Morgan to go ahead

Plaintiffs are to pursue a racketeering class action against JP Morgan, alleging that the bank rigged California electricity prices, after it was found that the action was not barred by any legal doctrine to prevent challenges to rates set by the Federal Energy Regulatory Commission.

By Keith Goldberg (June 8, 2016, 3:15 PM EDT) -- A proposed racketeering class action accusing a JPMorgan Chase & Co. unit of rigging California electricity prices isn't barred by a legal doctrine preventing most challenges to wholesale electricity rates set by the Federal Energy Regulatory Commission, the plaintiffs told the Ninth Circuit Monday....

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