In re California Gasoline Spot Market Antitrust Litigation, N.D. Cal., Case No. 3:20-cv-03131 –
Hausfeld LLP filed the first class action complaint in this case on behalf of persons who purchased gasoline at retail in California. The suit alleges that multinational gasoline firms, Vitol, Inc. (Vitol) and SK Energy Americas, Inc., along with its parent company SK Trading International (SK) manipulated California’s gas prices by taking advantage of a market disruption, the February 2015 explosion at a gasoline refinery in Torrance, California, to engage in a scheme to drive up gas prices for their own profit.
Plaintiffs allege these Defendants violated California’s antitrust laws and engaged in unlawful, unfair, and fraudulent practices that raised the price of gasoline in the state for consumers and businesses. The suit follows an action brought by California’s Attorney General in San Francisco Superior Court.
The case is still at its inception, but the various actions were consolidated before Magistrate Judge Jacqueline Corley, who appointed Hausfeld LLP as co-lead counsel in the case. The Plaintiffs have recently filed a Consolidated Complaint in the action.