Brokerage Says Rice Futures Manipulation Suit Still Flawed

Law360, New York (May 18, 2012, 5:15 PM EDT) -- Daniels Trading Group LLC on Thursday asked an Illinois federal judge to permanently toss a class action alleging the futures brokerage and its executives manipulated rice futures contracts, saying the plaintiffs hadn't fixed problems that got the suit dismissed in February.

Daniels blasted lead plaintiff Jeffrey Laydon's newly amended complaint, saying he still relied on allegations from a U.S. Commodity Futures Trading Commission administrative proceeding against the group, which U.S. District Judge John W. Darrah specifically cited as insufficient evidence when he dismissed the case....
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Case Information

Case Title

In Re: Rough Rice Commodity Litigation


Case Number

1:11-cv-00618

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Judge

Honorable John W. Darrah

Date Filed

January 27, 2011

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