California Gasoline Spot Market Antitrust Litigation
On behalf of federal plaintiffs in the California Gasoline Spot Market Antitrust Litigation, Anna Meyendorff submitted a class certification report, with the class defined as "all persons or entities that purchased retail gasoline for their own use" within the class period in Southern California. The case involves allegations that Vitol Trading and SK Energy conspired to manipulate the Oil Price Information Services (OPIS) spot price indices for gasoline in the Los Angeles spot market. Plaintiffs further allege that defendants' conduct ultimately drove up the price of retail gasoline and cost consumers at the pump. Dr. Meyendorff provided a methodology to quantify the pass-through of changes in the OPIS spot price index to retail gasoline prices and estimate overcharges for the class.