FERC sues Barclays in U.S. court over power market manipulation

Reuters

Oct 10 (Reuters) - U.S. federal energy regulators said onThursday they filed suit in federal court in California againstBritish bank Barclays Plc to recover $435 million incivil penalties for alleged power market manipulation.

The U.S. Federal Energy Regulatory Commission (FERC) said itis seeking an order from the court affirming FERC's July 16order assessing civil penalties against the bank and four of itstraders.

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