Jay and Roslyn GUNDERSON, et al., Plaintiffs,
v.
ADM INVESTOR SERVICES, INC., a Delaware corporation, et al., Defendants.
United States District Court, N.D. Iowa, Central Division.https://leagle.com/images/logo.png
September 12, 1997.
September 12, 1997.
Attorney(s) appearing for the Case
Joel J. Bellows, Laurel G. Bellows, Nicholas P. Iavarone, Christopher L. Gallinari, Bellows & Bellows, Chicago, IL, for Jay Gunderson, Roslyn Gunderson, Dan Abels, Agcel, Inc., Asa-Brandt, Inc. a/k/a Asa-Brandt Partnership, Philip Asa, Keith Brandt, Robert Becker, Les Beekman, Ron Berschman d/b/a Phoenix Farms, Steve Berschman, SJMC, Corp., Dennis Cink, Daryl Cushman, Davids Farms, Inc., Duane Davids, Dale Kramersmeier and Diana Kramersmeier, Daniel DeWaard, Duane DeWaard, Laurence Doden, M & J Ennen Farms, Inc., Ronny Ennen, Beverly Everett, Richard Gardner, Jerry Giesking, Rande Giesking, David Gerber, Hamilton County Land Corp., Bruce A. Heetland, Heidecker Farms, Inc., Steve Heyer, James L. Hofbauer, Ted Hoover, Janice Hoover, Jerry D. Johnson, Junkmeier Farms, Inc., Ray Lichter, Tom Lichter, Lichter Brothers, Bradley Loucks, Bruce Meinders, Dale Meinders, Garry Meinders d/b/a Meinders Brothers, J & K Oftedahl, Inc., John Oftedahl, Edward A. Otis, Jim Otis, Pitkin Farms, Ltd., Jeff Pitkin, Sandale Farms, Inc., Ronald Schmidt, Debra Schmidt, Schutjer Bros., Inc. f/k/a Schutjer Brothers, Dennis Schutjer, Reginald Schutjer, Wendell Schutjer, Steve Shortenhaus, Shawn Thomsen, Bill Walstead, Joyce Walstead, Cecil Welhousen.
Richard K. Updegraff, Steven C. Schoenebaum, Brown, Winick, Graves, Gross, Baskerville and Schoenebaum, P.L.C., Des Moines, IA, Terry F. Moritz, Daniel P. Shapiro, Kenneth S. Ulrich, Lisa M. Young, Goldberg, Kohn, Bell, Black, Rosenbloom & Moritz, Ltd., Chicago, IL, for Farmers Cooperative Company, Farmers Cooperative Elevator d/b/a Titonka Farmers Cooperative, Farmers Cooperative Elevator of Buffalo Center, IA, The Farmers Co-Operative Society, West Bend Elevator Company, Farmers Cooperative Elevator, Woden, Iowa, Bode Cooperative, Cylinder Cooperative Elevator Company, Cooperative Grain & Product Company.
United States District Court, N.D. Iowa, Central Division.
ORDER REGARDING MOTION TO ENJOIN STATE COURT LITIGATION
BENNETT, District Judge.
The court is called upon here to decide whether to intercede in a race to the courthouse. In this case, grain producers assert that the "hedge-to-arrive" contracts ("HTAs") they entered into for the sale and purchase of grain constitute illegal futures contracts under the Commodity Exchange Act, 7 U.S.C. §§ 1-25, and that...
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