CFTC Ducks Sanctions Bid In $17M Fraud Suit

Law360, New York (November 30, 2010, 4:07 PM EST) -- A federal judge has struck down a defendant's bid to impose sanctions on the U.S. Commodity Futures Trading Commission in its suit accusing him and another man of operating a fraudulent $17 million commodity.

Magistrate Judge David A. Baker of the U.S. District Court for the Middle District of Florida denied Donovan Davis Jr.'s motion without prejudice on Monday, concluding that there was “no point” in entertaining the bid at this point because the case's jury trial is “imminent.”

The findings at trial will likely influence...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

U.S. Commodity Futures Trading Commission v. Capital Blu Management, LLC et al


Case Number

6:09-cv-00508

Court

Florida Middle

Nature of Suit

Securities/Commodities

Judge

John Antoon II

Date Filed

March 23, 2009

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.