From Yahoo Finance: 2025-03-27 06:06:00

A fuel station supplier filed a lawsuit against Trive Capital and its companies for allegedly restricting competition in the US Midwest, leading to increased fuel prices. JF Petroleum Group accuses Trive, Seneca Companies, and OWL Services of violating US antitrust law by blocking market entry. Trive denies the claims and plans to contest the lawsuit, escalating the conflict with JF Petroleum. The lawsuit seeks monetary damages and a court order to halt anti-competitive practices.

In a related development, Steelhead LNG initiated legal proceedings against Cedar LNG, Pembina Pipeline, and ARC Resources in Canada. Steelhead alleges that the defendants exploited proprietary information for the benefit of the Cedar LNG project. The Vancouver-based LNG company accuses the defendants of wrongdoing.

The ongoing conflict between Trive Capital’s companies and JF Petroleum Group intensifies as legal battles unfold. JF Petroleum claims to have faced illegal obstacles in expanding into Iowa and southern Illinois, leading to the lawsuit seeking damages and a court order against alleged anti-competitive practices. The legal proceedings in both cases highlight the complexities of competition in the fuel and LNG industries.

Read more: Trive Capital faces lawsuit over alleged fuel infrastructure scheme