City Of London
‘Please Don’t Tell’: Essex Boys’ Texts Spur Judge to Allow Lawsuit
- Group accused of manipulating oil plunge to earn $700 million
- Traders say they just responded to ‘blaring’ market signals
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At 3:29 p.m. on April 20, 2020 -- the only day that oil prices have ever dropped below zero -- a British trader sent a message to his buddies: “We pushed each other so hard for years for this one moment … And we f[******] blitzed it boys.”
Moments earlier, one of his colleague wrote on their WhatsApp message group, “Please don’t tell anyone what happened today lads x.”