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The latest installment of Energy Metro Desk features an article, titled “Failure and Punishment,” in which Cadwalader partner Steven Lofchie and System Logic principal Chris Clearfield discuss whether punishment works as a deterrent to failure in complex systems such as electronic markets.

Here is a link to the Energy Metro Desk article, “Failure and Punishment.”

The above link is to an excerpt from the most recent issue of Energy Metro Desk, which is published biweekly by Scudder Publishing Group, an energy trade news publishing company based in the Washington, D.C. metropolitan area. Those who are interested in learning more about Energy Metro Desk may do so by visiting or by sending an e-mail to [email protected].

Reprinted with permission of the publisher, Scudder Publishing Group, LLC. Copyright 2015.