LEIST v. SIMPLOT

Nos. 402-404, Dockets 79-7402, 79-7464 and 79-7482.

638 F.2d 283 (1980)

Neil LEIST, Philip Smith and Incomco, Plaintiffs-Appellants, v. John Richard SIMPLOT, J. R. Simplot & Co., Simplot Products Co., Inc., Simplot Industries, Inc., Simtag Farms, Inc., Peter J. Taggares, P. J. Taggares & Co., Henry A. Pollack, Harvey B. Pollack, Harvey B. Pollack Company, Gerald Rafferty, Pressner Trading Corp., Benjamin Pressner, Stephen Sundheimer, Jules Nordlight, Edelstein & Co., Inc., Charles Edelstein, Robert Edelstein, Murial Edelstein, Meierfeld & Company, Inc., Gilbert Meierfeld, David Meierfeld, Robert Reardon, F. J. Reardon, Inc., Harold Collins, Caspar Mayerson, Lynnewood Exporting Company, Alex Sinclair, Manning Stoller, Hornblower & Weeks-Hemphill, Noyes Inc., MFX Commodities, Inc., Donald Silver, Duane South, Kenneth Ramm, A & B Farming Inc., Hugh Glenn, Gearheart Farming, Inc., Edward McKay, "John" Humphreys, Frank Fullmer, Defendants, Clayton Brokerage Co. of St. Louis, Inc., Heinold Commodities, Inc., Thomson & McKinnon, Auchincloss, Kohlmeyer, Inc., New York Mercantile Exchange, Richard B. Levine, Howard Gabler, Alfred Pennisi, Defendants-Appellees. INCOMCO, Plaintiff-Appellant, v. WAYNE COUNTY PRODUCE CO., and Harold Collins, Defendants, New York Mercantile Exchange, Defendant-Appellee. NATIONAL SUPER SPUDS, INC., William R. Buster, Jr., Willard C. Chiner, Eugene P. Weismen, Richard Welts, Raymond Rothberg, Arthur S. Armstrong, Theodore Brinek, Capgain Holdings, Inc., and Heiz Romminger, individually and on behalf of all persons similarly situated, Plaintiffs-Appellants, v. NEW YORK MERCANTILE EXCHANGE, Clayton Brokerage Co. of St. Louis, Inc., Pressner Trading Corp., Jack Richard Simplot, J. R. Simplot Co., Simplot Industries, Inc., Peter J. Taggares, P. J. Taggares Co., C. L. Otter, Simtag Farms, Kenneth Ramm, A & B Farms, Inc., Hugh V. Glenn, Gearheart Farming, Inc. and Ed McKay, Defendants, Heinold Commodities, Inc., Thompson & McKinnon, Auchincloss, Kohlmeyer, Inc., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided July 8, 1980.

Certiorari Granted February 23, 1981.


Attorney(s) appearing for the Case

Leonard Toboroff, Robson & Toboroff, New York City, for plaintiffs-appellants Neil Leist, Philip Smith and Incomco.

Pomerantz, Levy, Haudek & Block, New York City, Hollinshead & Mendelson, Pittsburgh, Pa., for class plaintiffs-appellants.

William E. Hegarty, New York City (Cahill Gordon & Reindel, Charles Platto and Peter Leight, New York City, of counsel), and Rein, Mound & Cotton, New York City (Maurice Mound, New York City, of counsel), for defendants-appellees New York Mercantile Exchange, Richard B. Levine, Howard Gabler and Alfred Pennisi.

Lawrence H. Hunt, Jr., Sidley & Austin, Chicago, Ill., and Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for defendant-appellee Heinold Commodities, Inc.

W. Stanley Walch, St. Louis, Mo. (Thompson & Mitchell, Gerard K. Sandweg, Jr., and Kenton E. Knickmeyer, St. Louis, Mo., of counsel), for defendant-appellee Clayton Brokerage Co. of St. Louis, Inc.

Hall, McNicol, Hamilton, Clark & Murray, New York City, for defendant-appellee Thomson & McKinnon, Auchincloss, Kohlmeyer, Inc.

Mark D. Young, Washington, D. C. (John G. Gaine, Gen. Counsel, Pat G. Nicolette, Deputy Gen. Counsel, and Gregory C. Glynn, Associate Gen. Counsel, Washington, D. C., of counsel), for amicus curiae Commodity Futures Trading Commission.

Before FRIENDLY, MANSFIELD and KEARSE, Circuit Judges.


Certiorari Granted February 23, 1981. See 101 S.Ct. 1346.

FRIENDLY, Circuit Judge:

Plaintiffs in three consolidated actions in the District Court for the Southern District of New York appeal from an order of Judge, now Chief Judge, MacMahon, 470 F.Supp. 1256 (1979), granting appellees' motions for partial summary judgment. The court struck from the complaints all claims based on the Commodity Exchange Act, (CEA), 7 U.S...

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