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CHICAGO RESEARCH v. NY EXCH

84 A.D.2d 413 (1982)

Chicago Research and Trading, Respondent, v. New York Futures Exchange, Inc., et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

January 26, 1982

Attorney(s) appearing for the Case

Warren H. Colodner of counsel (Eileen J. Berkman and Peter B. Fallon, with him on the brief; Barrett Smith Schapiro Simon & Armstrong, attorneys), for appellants.

George L. Graff of counsel (Louis Schulman with him on the brief; Milgrim Thomajan Jacobs & Lee, attorneys), for respondent.

MURPHY, P. J., ROSS and BLOOM, JJ., concur.

SULLIVAN, J.

Plaintiff, a commodities trading firm, sues the New York Futures Exchange, Inc. (NYFE), a Federally designated and regulated commodity exchange, and New York Futures Clearing Corporation (NYFCC), its wholly owned subsidiary and clearing organization, for declaratory and injunctive relief, alleging that on March 19, 1981 it "contracted to sell $120 million face amount of 20-year [United States Treasury...

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