Panel Asked To Decide Whether Court’s Ruling In Securities Suit Holds Up

Mealey's (March 12, 2021, 9:07 AM EST) -- NEW YORK — In recent briefing in the Second Circuit U.S. Court of Appeals, parties in a securities class action lawsuit alleging that a financial services firm and its CEO engaged in a scheme to manipulate prices at which certain futures contracts traded on the Chicago Mercantile Exchange Global Platform (CME Globex) in violation of the Commodity Exchange Act (CEA) asked a Second Circuit panel to determine whether a federal district court erred in granting summary judgment in favor of the firm and its CEO....