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December 6, 2016

06 December 2016

Judge Denies DRW and Wilson Motion for Reconsideration, CFTC Files Pretrial Memorandum, and Trial Begins

The bench trial in the CFTC’s case against DRW is underway. On November 28, Judge Richard Sullivan denied the motions to strike testimony filed by the CFTC in its market manipulation case against defendants DRW Investments, LLC and Donald R. Wilson pending in the U.S. District Court for the Southern District of New York. In denying the motion, Judge Sullivan noted that the CFTC failed to submit its motion by the November 4 deadline to file motions in limine and failed to request leave to file this motion at the pretrial conference. In addition, on November 29, the CFTC filed its response to the defendants’ motion to exclude portions of a CFTC expert declaration, which Judge Sullivan granted in part. The trial in this proceeding began on December 1. The parties gave opening statements, and the court heard testimony from a number of DRW traders, including Wilson.

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06 December 2016

Sidley Shale and Hydraulic Fracturing Report

Vol. 5, No. 49

Topics discussed in this week’s Report include:

  • Army Corps decided against granting an easement to Dakota Access pipeline.
  • EPA updated greenhouse gas reporting requirements for the oil and gas industry.
  • EPA extended rulemaking process regarding compliance deadline for discharge of wastewater from unconventional oil and gas production facilities to POTWs.
  • Study concluded that Oklahoma earthquakes could mostly cease within several years.

(more…)

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