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McGraw-Hill Faces Hearing Over Records

May 21, 2003|From Bloomberg News

McGraw-Hill Cos., the largest publisher of energy industry newsletters, was ordered by a federal judge to show why it withheld some records sought in an investigation of natural gas price manipulation.

The energy trading probe has led to $25 million in payments from Dynegy Inc. and El Paso Corp. to settle charges that their traders attempted to manipulate prices by reporting false data to newsletters published by the Platts unit of McGraw-Hill.

A hearing was scheduled for June 2 before U.S. District Judge Lynn N. Hughes in Houston, the Commodity Futures Trading Commission said.

From Bloomberg News

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