"California drivers who submitted claims for a $50-million settlement over gas price gouging are starting to receive payments of $21.65 each."
"The payments are part of a settlement with three gasoline trading firms, which allegedly manipulated prices nine years ago, violating antitrust laws."
California drivers have begun receiving payments as part of a $50 million settlement concerning alleged price gouging by gas trading firms. Since late April, more than a million claimants have gotten $21.65, directly deposited or via checks and Venmo. The settlement stems from accusations that the firms manipulated gas prices following a refinery explosion in 2015, violating California's antitrust laws. The settlement, which was reached in July, did not involve any fault admission from the trading companies involved.
#gas-price-gouging #california-settlement #consumer-compensation #antitrust-laws #gasoline-trading-firms
Read at Los Angeles Times
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