On Feb. 11, 2020, the United States Court of Appeals for the Fourth Circuit decided that the Federal Energy Regulatory Commission (FERC) did not overstep the statute of limitations in its effort to impose more than $29 million in civil penalties over alleged wholesale electricity market manipulation carried out by Dr. Houlian Chen and other associated financial entities, including Pennsylvania-based hedge fund Powhatan Energy Fund LLC.

Read the full GT Alert, “Fourth Circuit Rejects Statute of Limitations Challenge to FERC Electricity Market Manipulation Suit.”

* Special thanks to Pablo Ortiz Mena for his valuable assistance in preparing this GT Alert.