Attorneys for Coaltrain Energy and several individuals associated withrnthe now defunct power trading firm on Monday asked a federal courtrnto dismiss a complaint alleging that they engaged in manipulativernup-to congestion trading in PJM Interconnection's markets in 2010.rn"Coaltrain’s motion to dismiss [the Federal Energy RegulatoryrnCommission]’s complaint shines a spotlight on FERC’s repeatedrnattempts to over-reach the limits of its authority in this case," said KenrnIrvin, a partner with Sidley Austin and counsel to Coaltrain. "Coaltrainrnfully cooperated with FERC’s investigation, and showed all itsrntransactions were legitimate and based on market fundamentals. Wernremain confident that fair, objective review by the US district court willrnconfirm Coaltrain’s transactions complied with market rules and FERCrnregulations."
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