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KORACH v. CHICAGO MERCANTILE EXCHANGE

No. 83-2450.

747 F.2d 414 (1984)

Abe I. KORACH, Plaintiff-Appellant, v. CHICAGO MERCANTILE EXCHANGE, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided October 30, 1984.

Rehearing Denied November 30, 1984.

Attorney(s) appearing for the Case

Joseph I. Adler, Adler & Adler, Chicago, Ill., for plaintiff-appellant.

Daniel A. Clune, Freeman, Rothe, Freeman & Salzman, P.C., Chicago, Ill., for defendant-appellee.

Before PELL and POSNER, Circuit Judges, and WEIGEL, Senior District Judge.

WEIGEL, Senior District Judge.

On June 29, 1976, appellant Abe I. Korach submitted an application for membership in the International Monetary Market (IMM) division of appellee Chicago Mercantile Exchange (CME).1 The membership committee of IMM, following investigation and a series of hearings in which Korach and his sponsors appeared and answered questions, denied the application on August 31, 1976 by a vote of 8 to 3.

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