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SALOMON FOREX INC. v. TAUBER

Civ. No. 91-1415-A.

795 F.Supp. 768 (1992)

SALOMON FOREX INC., Plaintiff, v. Laszlo N. TAUBER, Defendant. Laszlo N. TAUBER, M.D., Counter-Plaintiff and Third-Party Plaintiff, v. SALOMON FOREX INC., Counter-Defendant, v. SALOMON BROTHERS INC., et al., Third-Party Defendants.

United States District Court, E.D. Virginia, Alexandria Division.

June 1, 1992.

Attorney(s) appearing for the Case

Eugene D. Gulland, William D. Iverson, Marc Mayerson, Eric Lasker, Laura M. Steeves, Covington & Burling, Washington, D.C., for plaintiff Salomon Forex, Inc. and third-party defendants Salomon Bros. Inc. and Salomon Inc., Gatling.

Wise, David Hilton Spriggs & Hollingsworth, Washington, D.C., for defendants.

MEMORANDUM OPINION

ELLIS, District Judge.

INTRODUCTION

This case presents a significant question concerning the scope of the Commodity Exchange Act, as amended, 7 U.S.C. §§ 1 et seq. (1980 & Supp.1992) ("CEA"). At issue specifically is whether certain foreign currency trading contracts are exempt from CEA regulation.

Salomon Forex Inc. ("Salomon Forex"), a foreign currency brokerage company, sued Dr. Laszlo Tauber,...

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