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...
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Case Information

Case Title

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

Case Number



Florida Middle

Nature of Suit



John Antoon II

Date Filed

March 23, 2009

Government Agencies

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