Army of Lawyers Suit Up for Price-Gouging Antitrust Class Actions
"Eleven nearly identical putative class action complaints have been filed against defendants, alleging a conspiracy to constrain the production of shale oil to increase the price of oil products," the oil company defendants said.
June 14, 2024 at 02:24 PM
5 minute read
What You Need to Know
- Individual and corporate diesel fuel consumers filed an antitrust class action in New Mexico accusing independent shale producers of conspiring to price gouge.
- The lawsuit is the latest in a series of antitrust class actions against domestic shale oil producers.
- The U.S. District of Nevada is in the process of consolidating related class actions.
A New Mexico law firm representing diesel fuel consumers filed the latest in a series of lawsuits brought against domestic independent shale producers, alleging they conspired to keep prices high.
The antitrust action filed in New Mexico District Court seeks nationwide class action status and seeks damages against eight crude oil producers. The lawsuit was spotted on Law.com Radar.
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