Exxon gas station in Washington, D.C. Photo: Diego M. Radzinschi/ALM 'Inflated Fuel Prices?': Baltimore Targets Big Oil Companies in Antitrust Class Action Trend
Similar to other antitrust lawsuits against major oil companies, Baltimore alleges that it has "paid artificially inflated prices for light petroleum products sold in the U.S., resulting from output restrictions in the crude oil market by cartel members."
August 28, 2024 at 10:51 AM
2 minute read
Antitrust
What You Need to Know
- Baltimore is the latest plaintiff to file antitrust class-action litigation against U.S. oil producers.
- Nachawati Law Group, Berger Montague and Farra & Wang are assisting Baltimore in the litigation.
- The complaint accuses multiple U.S. oil producers of colluding to drive up the price of crude oil.
The mayor and city council of Baltimore have filed an antitrust class action accusing the shale oil industry of conspiring to limit oil production and colluding to drive up the price of crude oil, mirroring similar lawsuits filed across southwestern U.S. jurisdictions.
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