Levi & Korsinsky LLP is investigating potential claims against Total Gas & Power North America, Inc. (“TGPNA”) arising from TGPNA’s unlawful and intentional manipulation of natural gas prices. TGPNA has manipulated the monthly index settlement prices of natural gas at and beyond major trading locations in the southwestern and Texas regions of the United States, including the El Paso Natural Gas Co., Permian Basin, Southern California Gas co., and West Texas, Waha (the “relevant hubs”), as well as the Henry Hub in Erath, Louisiana. More specifically, TGPA engaged in a scheme to create artificial bid-week prices to advantage its own derivative natural gas positions. This resulted in artificial prices and price trends in violation of U.S. antitrust laws. This manipulative strategy caused harm to those who purchased and/or sold physical, financial, and related derivative natural gas contracts at artificial prices over-the-counter, on an electronic platform, or on an exchange between June 1, 2009 and June 30, 2012.
If you transacted in natural gas, financial and related derivative contracts, our investigation may matter to you.
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