Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Mercuria Energy Group Ltd. says a former head of one of its US natural gas trading teams misreported transactions in 2024, resulting in “tens of millions of dollars” in losses for the commodity trading firm.
Jimmy Powers filed misleading data related to Mercuria’s gas trading positions, the firm said in a previously unreported lawsuit it filed in state court in Houston earlier this year. Powers led Mercuria’s South Gas Trading team for more than two years before he was fired in October, according to court documents.