Strobl v. New York Mercantile Exchange

OPINION

MacMAHON, District Judge.

This case arose from the massive default in 1976 by short position holders in the market for May 1976 Maine potato futures contracts. See Leist v. Simplot, 638 F.2d 283, 285 (2d Cir.), aff'd sub nom. Merrill Lynch, Pierce Fenner & Smith v. Curran, 456 U.S. 353,102 S.Ct. 1825, 72 L.Ed.2d 182 (1982). In November 1983, following an 11-day jury trial, a verdict was returned against defendants. On March 20, 1984, we denied defendants’ motion for judgment notwithstanding the verdict or for a new trial. Stroble v. New York Mercantile Exchange, 582 F.Supp. 770…