FUSTOK v. CONTICOMMODITY SERVICES, INC.

No. 82 Civ. 1538(MEL).

618 F.Supp. 1076 (1985)

Mahmoud FUSTOK, Plaintiff, v. CONTICOMMODITY SERVICES, INC., Conticapital Management, Inc., Continental Grain Company, Walter M. Goldschmidt, Norton Waltuch, Tom Waldeck and Ivan Auer, Defendants.

United States District Court, S.D. New York.

September 20, 1985.


Attorney(s) appearing for the Case

Curtis, Mallet-Prevost, Colt & Mosle, New York City, (Herbert Stoller, Kevin R. Kopelson, New York City, of counsel), for plaintiff.

Sidley & Austin, New York City, (Marc J. Gottridge, New York City, Lawrence H. Hunt, Jr., David T. Pritikin, Sidley & Austin, Chicago, Ill., Sheldon L. Berens, Gen. Counsel, New York City, of counsel), for Continental Grain Co.

Parker Auspitz Neesemann & Delehanty P.C., New York City, (Jack C. Auspitz, Hollis L. Hyans, New York City, of counsel), for Walter M. Goldschmidt.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, (Mark H. Alcott, Cameron Clark, Richard A. Rosen, New York City, of counsel), for ContiCapital Management, Inc.


LASKER, District Judge.

Defendants Continental Grain Company ("Conti Grain"), Walter M. Goldschmidt, and ContiCapital Management, Inc. ("Conti Management") move pursuant to Federal Rule of Civil Procedure 12(b)(6) to dismiss as to them the fifth, twenty-first, and twenty-fourth claims alleged in plaintiff Mahmoud Fustok's Second Amended Complaint.

The fifth and twenty-first claims assert implied private rights of action for violations of the Commodity Exchange...

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