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HUNT v. COMMODITY FUTURES TRADING COM'N

No. 78-1055.

591 F.2d 1234 (1979)

Nelson Bunker HUNT, W. H. Hunt, Ellen H. Flowers, Mary H. Huddleston, Elizabeth H. Curnes, Houston B. Hunt, Douglas H. Hunt, and Hunt Holdings, Inc., Plaintiffs-Appellants, v. COMMODITY FUTURES TRADING COMMISSION, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided January 8, 1979.

Attorney(s) appearing for the Case

A. B. Conant, Jr., Dallas, Tex., for plaintiffs-appellants.

Frederic T. Spindel, Associate Gen. Counsel, Washington, D.C., for defendant-appellee.

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

SWYGERT, Circuit Judge.

The principal question before us is whether parties involved in administrative proceedings before the Commodity Futures Trading Commission must exhaust their administrative remedies prior to seeking judicial review of the Commission's authority to bring the administrative action when the Commission has previously brought a similar, court enforcement action against the same parties. We hold that administrative remedies must be exhausted and...

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