CFTC Drops Position Limits Appeal, Commissioner Says

Law360, New York (October 29, 2013, 3:24 PM EDT) -- The U.S. Commodity Futures Trading Commission voted to drop its appeal of a federal district court ruling that overturned its proposal to place new limits on derivatives trading, a CFTC commissioner said Tuesday.

CFTC Commissioner Scott D. O'Malia said the commission voted to drop its appeal before the D.C. Circuit as it moves forward with a new position limits rule early next month, and as the commission has been forced to furlough staff because of a restrictive budget.

“Wasting valuable taxpayer dollars on this legal dead-end...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Intl' Swaps and Derivatives, et al v. Commodity Futures Trading Comm


Case Number

12-5362

Court

Appellate - DC Circuit

Nature of Suit

2890 Other Statutory Actions

Date Filed

November 16, 2012

Law Firms

Companies

Government Agencies

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.