Alcoa (NYSE:AA) Loses Luminant Case

It didn't take long for a jury to find in favor of Luminant in a case where Alcoa (NYSE:AA) had accused the energy company of breach of contract.

Once Luminant had rested their case, attorneys from the company had asked for a directed verdict, which was denied. It was the second time they had requested one.

Alcoa had been seeking $500 million in damages saying Liminant had manipulated electricity prices used for operations at their Rockdale plant. Officials from Luminant had denied the charges from Alcoa.