Organization

California Department of Justice

The state’s law department, headed by the Attorney General.

6 links, 6 backed by primary records

Connections 6

Xavier Becerra 4 May 2020 Attorney General Primary record 1
As Attorney General on the date the lawsuit was announced.
Rob Bonta 10 Jul 2024 Attorney General Primary record 2
As Attorney General on the date the settlement was announced.

SK Energy Americas 10 Jul 2024 $50M, $50 million settlement, with Vitol, of allegations of spot-market manipulation; SK did not respond to a request for comment on it Primary record 2 3
The $50 million was settled jointly with Vitol, not paid by SK alone.
Vitol 10 Jul 2024 $50M, $50 million settlement of allegations that Vitol and SK manipulated spot prices; Vitol said in 2024 that any allegations of wrongdoing by it were untrue and unfounded Primary record 2 3

Timeline 5 dates

Proof 3 sources

Attorney General Becerra Announces Lawsuit Against Two Multinational Companies for Manipulating Gas Market, Costing Californians More at the Pump, California Department of Justice, 4 May 2020. Primary record
Attorney General Becerra alleges that Vitol and SK violated California’s antitrust laws and engaged in unlawful, unfair, and fraudulent practices that raised the price of gasoline in the state.
took advantage of the market disruption following a February 2015 explosion at a gasoline refinery in Torrance, California to engage in a scheme to drive up gas prices for their own profit.
Attorney General Bonta Announces $50 Million Settlement with Vitol and SK as Part of Ongoing Enforcement Against Big Oil, California Department of Justice, 10 Jul 2024. Primary record
announced a $50 million settlement with gas trading firms, resolving allegations that Vitol, Inc. (Vitol) and SK Energy Americas, Inc., along with its parent company SK Trading International (SK), secretly worked together to tamper with and manipulate spot market prices for California gasoline.
SBX1-2, authored by Senator Nancy Skinner (D-Berkeley), co-sponsored by Attorney General Bonta and Governor Newsom, and approved by a supermajority in both the Senate and Assembly
Vitol, SK Settle California Fuel Rigging Probe for $50 Million, Bloomberg Law, 10 Jul 2024. Scholarship & press
SK Energy Americas didn’t respond
Any allegations of wrongdoing by Vitol are untrue and unfounded.

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