Former BP trader sues on 'manipulation' claims

Employee suit: Former BP trader claims 'market manipulation'

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News Wires

 02 February 2013 00:36 GMT

A former trader at BP has filed a lawsuit for breach of contract in which he alleges the British company's Houston-based unit, BP Energy Co, is attempting to manipulate the US natural gas liquids market, a report said.

Drew Sickinger, who joined BP in Houston in 2009, said the company "created a pretext" for disciplining him late last year and then firing him earlier this month. He said he made $100 million for the company over the previous three years, Reuters reported.

The complaint, filed 30 January in Harris County, Texas, includes allegations by Sickinger that BP is trying to manipulate the natural gas liquids markets "by establishing a dominant and controlling position," according to documents cited by the news wire.

The lawsuit does not include facts describing the basis for…

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