Sunday, October 06, 2024

California Attorney General Bonta today urged California residents who purchased gas in Southern California between February 20, 2015 and November 10, 2015, Californians have until January 8, 2025 to submit a claim form,


In July, Attorney General Bonta announced a $50 million settlement with gas trading firms, resolving allegations that Vitol, Inc. and SK Energy Americas, Inc., along with its parent company SK Trading International, secretly worked together to tamper with and manipulate spot market prices for California gasoline. If you purchased gasoline in Los Angeles, San Diego, Orange, Riverside, San Bernardino, Kern, Ventura, Santa Barbara, San Luis Obispo, and/or Imperial counties in California between February 20 and November 10, 2015, you may be eligible for a payment.

Under the settlement, Defendants have agreed to pay the total amount of $50 million into two settlement funds to resolve these allegations. Of this total, $37,500,000 will be distributed to consumers as compensation for violations of the Cartwright Act, subject to deductions for payments of taxes, administration costs, and attorneys’ fees and costs. $12,500,000 is assessed as a penalty under California’s Unfair Competition Law and will be used by state and local government to enforce consumer protection laws.

To submit a claim, learn full details about your rights and options, and access frequently asked questions, visit
www.CalGasLitigation.com .

https://www.goldrushcam.com/sierrasuntimes/index.php/news/local-news/60833-attorney-general-bonta-says-california-drivers-may-be-eligible-for-a-gas-settlement-payment 

the big take away from this? Gas trading firms were caught manipulating spot market prices for California gasoline, by the California Attorney General. 

That wasn't headline news. That wasn't even in the news. 

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