CFTC Loses Calif. Suit Against Monex Metals Broker
May 2, 2018
"CFTC Loses Calif. Suit Against Monex Metals Broker"
Neil Goteiner led the Farella team representing Monex Credit Company in a lawsuit filed against it by the Commodity Futures Trading Commission (CFTC). Monex prevailed in winning the dismissal of the action on May 1.
Mr. Goteiner told Law360 that the decision was carefully thought through and dealt with all the relevant arguments on jurisdiction.
“It also relied on a lot of the CFTC’s own statements,” Mr. Goteiner said. “The judge relied on the CFTC’s own statements in coming to his decision.”
Link to the full article on Law360 (subscription required).