Plaintiffs file opposition to TOTAL motion to dismiss class action lawsuit

On July 1, the plaintiffs filed an opposition to TOTAL’s motion dismiss the class action complaint in the Southern District of New York. The plaintiffs argue that TOTAL does not contest the plausibility of plaintiffs’ allegations that TOTAL made manipulative and uneconomic trades at the certain regional hubs and that natural gas prices at those hubs were part of an integrated nationwide natural gas market, which could impact natural gas futures prices. In addition, under Second Circuit authority, plaintiffs claim that they have sufficiently alleged that TOTAL caused artificial prices throughout the natural gas market, injuring plaintiffs.

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