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Case ID: 3546 | Miscellaneous | 07/13/2004
The parties have reached a $16 million settlement in a class action filed against energy provider Cleco Corporation on behalf of 264,000 electricity customers across Louisiana. The action alleged that the utility improperly engaged in "round-trip trades" involving power sales from Cleco affiliates to an unnamed trading partner, who then sold the power back to another Cleco affiliate. Persons eligible to take part in the settlement may contact the Louisiana Public Service Commission for more information.
For the average residential customer, the rebate is estimated to be between $25 and $30. The exact date the rebates will be paid has not yet been determined, but, in a recent interview, company officials indicated that it should be "before the end of the year." The settlement involves a pending fuel audit of Cleco Power, LLC, a Cleco subsidiary, that resulted from approximately $23 million in improper trading involving Cleco, which first reported the illegal trading in November 2002. As part of the settlement, Cleco has also agreed to adopt a program to monitor compliance with regulations and agreements, and to review its interaffiliate code of conduct with the Public Service Commission staff. In July 2003, Cleco officials announced a settlement with the Federal Energy Regulatory Commission over many of the same issues. That agreement included $2.1 million in refunds involving Cleco affiliates $1.2 million in refunds to customers and a $750,000 civil penalty. Final approval of the settlement could come as early as July 21, 2004, when a Commission meeting is next scheduled.
At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Miscellaneous Cases of Interest A federal judge has ordered Canadian telemarketers World Media Brokers, Express Marketing Services, First TeleGroup Marketing, 637736 Ontario Limited, Cash & Prizes, Inc., and Intermarketing Services, Inc., to pay $19 million in consumer redress to US senior citizens whose money was taken in an illegal Canadian lottery scam perpetrated by these defendants. Persons who lost money to any of these organizations may contact the attorneys who prosecuted the case for more information. Anticompetitive action by powerful companies hurts other businesses as well as individual consumers. A class action has been certified against 15 major U.S. and foreign airlines on behalf of all travel agents in the United States, Puerto Rico, and the United States Virgin Islands, who issued tickets, miscellaneous charge orders, or prepaid ticket advances between October 1, 1997, and the eventual date of any judgment in the action. Misty Knisley, an 18 year old nursing student and parents of four of her classmates filed a lawsuit saying the students’ rights were violated when 20 girls were strip-searched at school. The lawsuit was filed in Pike County, Ohio Common Pleas Court against the Vern Riffe Career Technology Center in Piketon, 60 miles south of Columbus, and the county Joint Vocational School District. A class action lawsuit filed in Miami alleges that a number of major air carriers are engaging in cartel-like practices to limit air cargo competition by fixing prices in the industry. Specifically, the complaint claims that the air carriers violated provisions of the Sherman Antitrust Act by conspiring to fix the prices of fuel, security, and insurance surcharges, some of which came into existence after the September 11th attacks. A class action lawsuit has been filed in the Eastern District Court of Texas against Offshore Specialty Fabricators, Inc. for violations of the Racketeering Act (RICO), among other things. The Racketeer Influenced and Corrupt Organizations Act, commonly referred to as "RICO", addresses the infiltration of legitimate businesses by organized crime.
Class members seek a remedy for defendants' wrongful conduct, which allegedly depress wages and reduce benefits paid or provided by defendants to US citizens or resident aliens.
A class action lawsuit was filed late 2004, alleging that Texarkana gas companies made deals to get the better prices for industrial customers by putting the costs on the backs of its residential and commercial customers. The customers also allege artificial inflation of retail natural gas prices. |
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