Defendants Appeal Ruling In CFTC Fraud Case

Law360, New York (February 22, 2007, 12:00 AM EST) -- Two people implicated in a fraud case brought by the Commodity Futures Trading Commission against New Jersey investment company Equity Financial Group LLC on Wednesday appealed a recent district court decision.

Robert Shimer and Vincent Firth filed their appeal in the U.S. Court of Appeals for the Third Circuit in an attempt to overturn the district court’s granting of partial summary judgment to the CFTC in December. Shimer and Firth are also appealing the district court’s denial of their motions for summary judgment.

Firth, Equity’s president,...
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