Commodity Futures Trading Commission v. Schor

Kirby McInerney announces CFTC settlement of whistleblower claims related to Ceres Global’s attempted manipulation of oats futures contracts

Retrieved on:

Tuesday, October 24, 2023

Legal, Professional Services, Commodity Exchange Act, IRS, Government, Metal, CFTC, Commodity Futures Trading Commission v. Schor, Ceres, Contract management, Financial instrument, Kirby, Pharmaceutical industry, Cryptocurrency

The law firm of Kirby McInerney LLP is proud to announce that it represented a whistleblower who provided support to the Commodity Futures Trading Commission (the “CFTC”).

Key Points:

The law firm of Kirby McInerney LLP is proud to announce that it represented a whistleblower who provided support to the Commodity Futures Trading Commission (the “CFTC”).
Kirby McInerney is a New York-based law firm concentrating in whistleblower, securities, antitrust, and consumer litigation.
Kirby McInerney has been involved in some of the most cutting-edge areas of commodities litigation , and represented the whistleblower who received nearly $200 million, the largest CFTC whistleblower award ever.
Kirby McInerney’s CFTC Whistleblower Team is led by the firm’s Co-Managing Partner, David Kovel , who was previously a commodities trader for a large financial firm.

FTC Reaches Settlement with Crypto Company Voyager Digital; Charges Former Executive with Falsely Claiming Consumers’ Deposits Were Insured by FDIC

Retrieved on:

Monday, October 16, 2023

The complaint also names Stephen Ehrlich’s wife, Francine Ehrlich, as a relief defendant.

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The complaint also names Stephen Ehrlich’s wife, Francine Ehrlich, as a relief defendant.
The companies also agreed to a judgment of $1.65 billion, which will be suspended to permit Voyager to return its remaining assets to consumers in the bankruptcy proceedings.
The complaint notes that Voyager was aware that the company’s claims could mislead consumers.
The company only removed the FDIC claims from its advertising after receiving a cease-and-desist letter from the FDIC.
In a parallel action, on October 12, the Commodity Futures Trading Commission separately charged Ehrlich with fraud and registration failures.
Stipulated orders have the force of law when approved and signed by the District Court judge.

Alex Spiro and Team from Quinn Emanuel Retained to Represent My Forex Funds (MFF) Against CFTC Allegations

Retrieved on:

Monday, September 25, 2023

Commodity Futures Trading Commission v. Schor, Ontario Securities Commission, LLP, Quinn Emanuel Urquhart & Sullivan, CFTC, Multimedia, Freezing, Contract management

VAUGHAN, ON, Sept. 25, 2023 /PRNewswire/ - My Forex Funds has retained the legal team at Quinn Emanuel Urquhart & Sullivan, LLP, led by Alex Spiro, Rob Zink, Michael Shaheen, and Dakota Speas, to vigorously investigate and defend against the allegations made by the Commodity Futures Trading Commission (CFTC).

Key Points:

VAUGHAN, ON, Sept. 25, 2023 /PRNewswire/ - My Forex Funds has retained the legal team at Quinn Emanuel Urquhart & Sullivan, LLP, led by Alex Spiro, Rob Zink, Michael Shaheen, and Dakota Speas, to vigorously investigate and defend against the allegations made by the Commodity Futures Trading Commission (CFTC).
On August 29, 2023, the CFTC filed a civil enforcement action in federal district court against My Forex Funds and Murtuza Kazmi.
My Forex Funds and Mr. Kazmi vehemently dispute the allegations brought forth by the CFTC.
My Forex Funds, including its legal team, is fully committed to addressing these allegations professionally and through the appropriate legal channels.

Judicate West Adds Family Law Judge Claudia J. Silbar in Orange County

Retrieved on:

Wednesday, May 3, 2023

Private sector, Homicide, University, Violence, Orange County, Superior court, American Academy, Orange County, California Superior Court, Commodity Futures Trading Commission v. Schor, University of Louisville School of Law, Love, Arbitration Committee, Commonwealth, Contract management, Mediation, Practice of law, Private investigator

SANTA ANA, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- Judicate West, one of California’s leading providers of private dispute resolution services, has added Judge Claudia J. Silbar, formerly with the Superior Court of Orange County, to its roster of neutrals.

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SANTA ANA, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- Judicate West, one of California’s leading providers of private dispute resolution services, has added Judge Claudia J. Silbar, formerly with the Superior Court of Orange County, to its roster of neutrals.
Specializing in family law matters, Judge Silbar is based in the Santa Ana office, and she is available as a mediator and private judge.
“Judge Silbar is one of the most respected judges to have served on the Orange County Superior Court, where she spent two decades presiding over family law matters.
Judge Silbar was named “Judge of the Year” by the Orange County Bar Association’s Family Law Section in 2020 and in 2007.

CFTC Attempts Backpedal to Escape Judicial Scrutiny

Retrieved on:

Friday, March 3, 2023

Contract management, United States Court of Appeals for the Fifth Circuit, Commodity Futures Trading Commission v. Schor, Commission, Federal Election Commission, PredictIt, Victoria University of Wellington, Hearing, Victoria University, CFTC, Human, FEC, Letter

The Commission issued a letter on Aug. 4, 2022 directing PredictIt to shut down.

Key Points:

The Commission issued a letter on Aug. 4, 2022 directing PredictIt to shut down.
Yesterday the Commission withdrew their previous letter, which was challenged as illegal in pending legal proceedings, and issued an update.
We are disappointed that the CFTC continues to insist that traders and others impacted by its regulatory decisions have no voice in decisions affecting them.
We plan to continue to fight this prejudiced attempt to shut down this useful market,” Mason said.

SEC Charges Nishad Singh with Defrauding Investors in Crypto Asset Trading Platform FTX

Retrieved on:

Tuesday, February 28, 2023

Crypto, Wang, FTX, Knowledge, Cryptocurrency, CFTC, Commodity Futures Trading Commission v. Schor, Research, Sam Bankman-Fried, Investment, Complaint, Security (finance), Contract management, FBI, Samuel, Alameda Research, Sale, Person, Fraud

Washington, D.C.--(Newsfile Corp. - February 28, 2023) - The Securities and Exchange Commission today charged Nishad Singh, the former Co-Lead Engineer of FTX Trading Ltd. (FTX), for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh along with Samuel Bankman-Fried and Gary Wang.

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Washington, D.C.--(Newsfile Corp. - February 28, 2023) - The Securities and Exchange Commission today charged Nishad Singh, the former Co-Lead Engineer of FTX Trading Ltd. (FTX), for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh along with Samuel Bankman-Fried and Gary Wang.
The complaint alleges that Singh knew or should have known that such statements were false and misleading.
The complaint also alleges that Singh was an active participant in the scheme to deceive FTX’s investors.
In a parallel action, the U.S. Attorney’s Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) today announced charges against Singh.

Statement on PredictIt Plaintiffs' Fifth Circuit Court Hearing

Retrieved on:

Thursday, February 9, 2023

United States Court of Appeals for the Fifth Circuit, Smart contract, United States courts of appeals, Lawyer, Administrative Procedure Act (United States), Hearing, Administration, CFTC, Court, Commodity Futures Trading Commission v. Schor, Tobacco

The PredictIt plaintiff lawyers argued that fairness and the Administrative Procedure Act require reasoned decision-making and a detailed explanation before ordering the market to close.

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The PredictIt plaintiff lawyers argued that fairness and the Administrative Procedure Act require reasoned decision-making and a detailed explanation before ordering the market to close.
"We are grateful to the Court for hearing this case so quickly and providing protection against the CFTC's February 15 deadline while it considers the matter.
It is clearly unfair, and we urged the Court today to declare it illegal," said Michael Edney, counsel for the PredictIt plaintiffs.
Aristotle is the contract service provider for the PredictIt Market, which has operated under No-Action Relief CFTC 14-130 since 2014.

Fifth Circuit Grants Injunction Allowing PredictIt Market to Continue Operating

Retrieved on:

Friday, January 27, 2023

Deferred Action for Parents of Americans, CFTC, February 8 Sports Club, León Febres Cordero, Federal Election Commission, Court, United States Court of Appeals for the Fifth Circuit, APA, Aristotle, FEC, Commodity Futures Trading Commission v. Schor, Administration, Administrative Procedure Act (United States)

WASHINGTON, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Aristotle International announces that the Fifth Circuit Court of Appeals granted an injunction allowing the PredictIt political prediction market to continue operating while the Court considers granting longer term relief.

Key Points:

WASHINGTON, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Aristotle International announces that the Fifth Circuit Court of Appeals granted an injunction allowing the PredictIt political prediction market to continue operating while the Court considers granting longer term relief.
The case reached the Fifth Circuit after a lower court failed to issue a preliminary ruling in time to prevent certain effects on the market.
The injunction pending appeal granted by the Fifth Circuit on Jan. 26 will allow the PredictIt market to continue to operate while the Fifth Circuit considers the PredictIt traders' appeal.
Aristotle is the contract service provider for the PredictIt Market, which has operated under No-Action Relief CFTC 14-130 since 2014.

Aristotle Announces Panel Dismisses CFTC Motion Against 'Predictit' Plaintiffs

Retrieved on:

Wednesday, January 18, 2023

Federal Election Commission, PredictIt, Congress, Commodity Futures Trading Commission v. Schor, FEC, United States Court of Appeals for the Fifth Circuit, Smart contract, Democracy, Aristotle, Hearing, Court, CFTC, Deferred Action for Parents of Americans, Trader, Tobacco, Appeal

WASHINGTON, Jan. 18, 2023 (GLOBE NEWSWIRE) -- A motions panel of the Fifth Circuit Court of Appeals, comprised of three judges, has denied the Commodity Futures Trading Commission's (CFTC) motion to dismiss the appeal of a case brought by more than a dozen plaintiffs, including PredictIt traders, educators, and market service provider Aristotle.

Key Points:

WASHINGTON, Jan. 18, 2023 (GLOBE NEWSWIRE) -- A motions panel of the Fifth Circuit Court of Appeals, comprised of three judges, has denied the Commodity Futures Trading Commission's (CFTC) motion to dismiss the appeal of a case brought by more than a dozen plaintiffs, including PredictIt traders, educators, and market service provider Aristotle.
The Court decision ensures that the plaintiffs get a hearing, now scheduled for Feb. 8, 2023, in the Fifth Circuit Court of Appeals, the jurisdiction in which the lawsuit was filed.
We are pleased that the Fifth Circuit agrees that the plaintiffs deserve their day in court as soon as possible," said David Mason, Aristotle General Counsel and former Federal Election Commission (FEC) Chairman.
Aristotle is the contract service provider for the PredictIt Market, which has operated under No-Action Relief CFTC 14-130 since 2014.