Atlantigas Corp. v. Columbia Gas Transmission Corp.

In this contract action, the district court granted Appellees’ joint motion to dismiss Appellant AtlantiGas Corporation’s claims arising out of an alleged illegal natural gas parking and lending scheme perpetrated by Appellees on the basis that AtlantiGas Corporation (“AtlantiGas”) lacked standing due to its sale of those claims under an Asset Purchase Agreement. AtlantiGas appeals the district court’s disposition. For the reasons that follow, we affirm.

I

Gaslantic Corporation (“Gaslantic”) was a purchaser of natural gas supplies in the wholesale market for resale to commercial and industrial…