CASE & CO., INC. v. BOARD OF TRADE OF CITY OF CHICAGO

No. 74-1464.

523 F.2d 355 (1975)

CASE & COMPANY, INC., Individually and on behalf of those who at the close of trading on January 18, 1973 held future contracts to sell January 1973 soybeans on the Board of Trade of the City of Chicago, Plaintiff-Appellant, v. The BOARD OF TRADE OF the CITY OF CHICAGO et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided September 12, 1975.

Rehearing and Rehearing Denied October 30, 1975.


Attorney(s) appearing for the Case

Charles A. Boyle, Thomas R. Meites, Chicago, Ill., for plaintiff-appellant.

Philip F. Johnson, Gary M. Elden, Chicago, Ill., for defendants-appellees.

Before CUMMINGS, STEVENS and TONE, Circuit Judges.


Rehearing and Rehearing En Banc Denied October 30, 1975.

TONE, Circuit Judge.

This appeal concerns the authority of the governing board of the Board of Trade of the City of Chicago to suspend temporarily a board rule limiting daily price fluctuations in soybean futures contracts. Plaintiff, a trader who was in a "short" position at the time of the rule suspension, sues the Board and the members of its governing body for damages alleged to have been incurred...

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