WASHINGTON (AP) — The
The justices on Tuesday ruled 7-2 against American Electric Power Co., Duke Energy Co. and other natural gas traders arguing that federal law precludes state law claims.
Natural gas customers allege the companies falsely reported data to industry trade publications, leading to higher gas prices.
A federal district court sided with the gas traders. But the 9th U.S. Circuit Court of Appeals in San Francisco reversed and said retail buyers of natural gas could go forward with their lawsuit.
The Supreme Court agreed in an opinion by Justice
Among the consumers who sued over rise in gas prices are manufacturers Learjet, Inc., and Briggs & Stratton Corp., as well as a Colorado brewery, a Kansas school district, a Wisconsin college and a Missouri hospital.