We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

High Court Hears Oral Argument In Futures Case

Law360 (October 29, 2007, 12:00 AM EDT) -- Futures brokers should be able to bring lawsuits against the exchanges on which they trade, a lawyer for Klein & Co. Futures Inc. argued Monday before a seemingly sympathetic U.S. Supreme Court.

Drew S. Days, who is representing Klein in the case, said in oral argument that futures brokers are financially liable from the beginning of a transaction to the end, making them eligible to litigate under the Commodity Exchange Act.

“My client did something,” Days said. “He guaranteed that commodity transaction in accordance with the...
To view the full article, register now.
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.