Consolidated Edison (ConEd) Customers File Class Action Lawsuit Against Morgan Stanley and KeySpan Corp. Over Electricity Rates
A class action lawsuit was filed against Morgan Stanley and KeySpan Corp. in Bronx County Court, New York seeking damages for unjust enrichment, fraud, conspiracy, and business law violations for allegedly inflating Consolidated Edison (ConEd) customers’ electric bills by $160 million through a complex financial derivative swap transaction, according to a class action news report.
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