Myun-Uk Choi v. Tower Research Capital LLC
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
KIMBA M. WOOD, United States District Judge
Plaintiffs are members of a putative class comprised of parties who transacted in certain futures contracts during 2012. Plaintiffs allege that Tower Research Capital LLC (“Tower”) and its CEO, Mark Gorton (collectively, “Defendants”), used fictitious trades and other deceptive techniques to manipulate the prices at which these futures contracts traded on the Chicago Mercantile Exchange Globex platform (“CME Globex”). Plaintiffs assert that this conduct violates the Commodity Exchange Act (“CEA”), 7 U.S.C. §§ 1, et seq., as well as…
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