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....
To view the full article, register now.




Case Information

Case Title

In Re: Rough Rice Commodity Litigation

Case Number



Illinois Northern

Nature of Suit



Honorable John W. Darrah

Date Filed

January 27, 2011

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.