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STEPHAN v. GOLDINGER

No. 02-2250.

325 F.3d 874 (2003)

Robert E. STEPHAN, et al., Plaintiffs-Appellants, v. S. Jay GOLDINGER, et al., Defendants, and Refco, Inc., Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided April 8, 2003.

Attorney(s) appearing for the Case

Steven M. Malina (argued), Ungaretti & Harris, Chicago, IL, for Plaintiffs-Appellants.

James C. Schroeder, Marshall E. Hanbury (argued), Mayer, Brown, Rowe & Maw, Chicago, IL, for Defendant-Appellee.

Before POSNER, MANION, and KANNE, Circuit Judges.

POSNER, Circuit Judge.

Ludwig Stephan, whose estate is one of the plaintiffs (we can disregard the others), opened a commodity futures trading account with defendant Refco (we can disregard the other defendants as well), lost his investment, and sued Refco, charging fraud in violation of the Commodity Exchange Act. The Act contains a two-year statute of limitations, 7 U.S.C. § 25(c), and the plaintiff sued within two...

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