2nd Circ. Revives Investors' Korean Futures Manipulation Suit

Law360 (March 29, 2018, 8:25 PM EDT) -- The Second Circuit on Thursday disagreed with a lower court's decision to toss a proposed class action alleging Tower Research Capital LLC manipulated Korean futures contract prices on an electronic trading system, saying the allegations plausibly claim the trades are "domestic transactions" and subject to federal law.

While a New York federal judge found in February 2017 that the Chicago Mercantile Exchange Globex Platform was not a registered exchange and that trades of the contracts matched through the platform were not subject to the Commodities Exchange Act, the unanimous panel vacated the dismissal after finding that the proposed investor class sufficiently...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!