Judge Rejects Dodd-Frank Limits On Derivatives Contracts

Law360, New York (September 28, 2012, 9:13 PM EDT) -- A Washington federal judge on Friday stamped out the U.S. Commodity Futures Trading Commission's pending restrictions on derivatives contracts that investors can hold, a triumph for Wall Street that forces the agency to analyze whether the Dodd-Frank-prompted limits are necessary.

The ruling from U.S. District Judge Robert L. Wilkins said the CFTC had for decades provided justification before enacting position limits on speculative behavior and that there’s no reason to believe Congress intended otherwise when passing the Dodd-Frank Act, which prompted approval last year of limits...
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Case Information

Case Title

INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION et al v. UNITED STATES COMMODITY FUTURES TRADING COMMISSION


Case Number

1:11-cv-02146

Court

District Of Columbia

Nature of Suit

Other Statutory Actions

Judge

Robert L. Wilkins

Date Filed

December 2, 2011

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