NATIONAL SUPER SPUDS, INC. v. N. Y. MERCANTILE EXCHANGE

No. 518, Docket 80-7760.

660 F.2d 9 (1981)

NATIONAL SUPER SPUDS, INC., William R. Buster, Jr., Willard C. Shiner, Eugene P. Weisman, 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-Appellees, v. NEW YORK MERCANTILE EXCHANGE, Clayton Brokerage Co. of St. Louis, Inc., Heinold Commodities, Inc., Thomson & McKinnon, Auchincloss, Kohlmeyer, 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, New York Mercantile Exchange, Clayton Brokerage Co. of St. Louis, Inc., John Richard Simplot, J. R. Simplot Co., Simplot Industries, Inc., Peter J. Taggares, P. J. Taggares Co., Clement L. Otter and Simtag Farms, Defendants-Appellees, Dexter Richards, Objector-Appellant.

United States Court of Appeals, Second Circuit.

Decided May 13, 1981.


Attorney(s) appearing for the Case

A. Arnold Gershon, New York City, for objector-appellant.

Charles Platto, New York City (Cahill, Gordon & Reindel, William E. Hegarty, Rein, Mound & Cotton, Maurice Mound, New York City, of counsel), for defendant-appellee New York Mercantile Exchange.

Judah I. Labovitz, New York City (Pomerantz, Levy, Haudek & Block, New York City), for plaintiffs-appellees.

Robert C. Macek, New York City (Barrett, Smith, Shapiro, Simon & Armstrong, New York City), for defendant-appellee Clayton Brokerage Co. of St. Louis, Inc.

Before FRIENDLY, MANSFIELD and KEARSE, Circuit Judges.


FRIENDLY, Circuit Judge:

This appeal from an order of Chief Judge MacMahon of the District Court for the Southern District of New York concerns one of the three actions in that district relating to the May 1976 default of Maine potato futures contracts with which we dealt in Leist v. Simplot, 638 F.2d 283 (2d Cir. 1980), cert. granted, 450 U.S. 910, 101 S.Ct. 1346, 67 L.Ed.2d 332 (1981). Familiarity with the opinions...

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