Mish International Monetary Inc. v. Vega Capital London, Ltd. et al, 20-cv-4577 (N.D. Ill.)

January 27, 2021

On January 27, 2021, Plaintiff filed an amended class action complaint alleging that Defendants combined, conspired, and agreed to depress on April 20, 2020 prices of the May 2020 West Texas Intermediate (“WTI”) Light Sweet Crude Oil futures contract (“May Contract”) traded on the Chicago Mercantile Exchange (“CME”).  The proposed class is defined as:

All persons and entities that purchased and/or sold during the period from at least April 20, 2020 through at least April 21, 2020 a May 2020 light sweet crude oil (WTI) futures contract traded on the NYMEX and/or the ICE. Excluded from the Class are Defendants and their officers, directors, management, employees, subsidiaries, or affiliates and all federal governmental entities.

For further information please contact Chris McGrath (cmcgrath@lshllp.com).