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COMMODITY FUTURES TRADING COM'N v. HUNT

Nos. 77-1672, 77-2086 and 77-2087.

591 F.2d 1211 (1979)

COMMODITY FUTURES TRADING COMMISSION, Plaintiff-Appellant, Cross-Appellee, v. Nelson Bunker HUNT et al., Defendants-Appellees, Cross-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided January 8, 1979.

Petition for Clarification Denied February 15, 1979.

Attorney(s) appearing for the Case

Richard E. Nathan, Washington, D.C., for plaintiff-appellant, cross-appellee.

John V. Ryan, III, Chicago, Ill., for defendants-appellees, cross-appellants.

Before SWYGERT, Circuit Judge, MARKEY, Chief Judge, and TONE, Circuit Judge.

SWYGERT, Circuit Judge.

This case presents several issues arising out of a complaint brought by the Commodity Futures Trading Commission, pursuant to the Commodity Exchange Act, against seven members of the Hunt family and an affiliated company. The complaint was instituted by the Commission on April 28, 1977 to compel the defendants to comply with limits established by the Commission on the speculative position that any individual or group may have in soybean futures...

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