Two utility companies and a fertilizer manufacturer in the Midwest alleged that they were overcharged for regulated natural gas.
Two utility companies and a fertilizer manufacturer in the Midwest alleged that they were overcharged for regulated natural gas. The defendants were a pipeline carrier and an oil and gas company. A Cornerstone Research team worked with defense counsel to evaluate the plaintiffs’ damage models. In addition, Cornerstone Research assisted Professor James Sweeney of Stanford University in conducting analysis and preparing trial testimony demonstrating that the pipeline carrier, as a net buyer, had no incentive to seek high natural gas prices. The case settled for a small fraction of the originally claimed damages.
