Barclays loses fight to halt $454m FERC case

Barclays has failed to put the Federal Energy Regulatory Commission's (FERC) lawsuit seeking an affirmation of its $453m penalty against the bank and four of its traders on hold while their appeal plays out; the bank and traders are accused of manipulating electricity prices.

By Kurt Orzeck (March 1, 2016, 5:39 PM EST) -- A California federal judge refused Monday to halt the Federal Energy Regulatory Commission's suit seeking an affirmation of its $453 million penalty against Barclays Bank PLC and four of its traders accused of manipulating electricity prices while their appeal plays out....

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