Legal Opinion
P. J. Taggares Co. v. New York Mercantile Exchange
District Court, S.D. New York
Decided July 16, 1979No. 78 Civ. 4388PublishedCited by 17 opinions
1Opinion of the Court
OPINION
EDWARD WEINFELD, District Judge.
Plaintiffs trade in potato futures contracts through brokers who are clearing members of the New York Mercantile Exchange (“Exchange”). They commenced this action against the Exchange to recover damages they allegedly sustained as a result of the January 1977 action of its President in increasing the margin requirements of clearing members for the May 1977 Maine Potato Futures Contract from $500 to $5,000 per contract. The increased margin requirements applied to the positions held by Exchange members, as of February 3, 1977, “for any customer who failed…
2Cases cited18 opinions
- United States v. Borden Co.Supreme Court of the United States · 1939
- Silver v. New York Stock ExchangeSupreme Court of the United States · 1963
- Baird v. FranklineCourt of Appeals for the Second Circuit · 1944
- Chicago Mercantile Exchange v. DeaktorSupreme Court of the United States · 1973
- Harvey R. Miller, as Trustee in Bankruptcy of Ira Haupt & Co., a Limited Partnership, Bankrupt v. New York Produce ExchangeCourt of Appeals for the Second Circuit · 1977
13 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Apex Oil Co. v. DiMauroCourt of Appeals for the Second Circuit · 1987
- Leist v. SimplotCourt of Appeals for the Second Circuit · 1980
- Karen E. Cardoza v. Commodity Futures Trading Commission and Board of Trade of the City of Chicago, Inc., an Illinois CorporationCourt of Appeals for the Seventh Circuit · 1985
- Pompano-Windy City Partners, Ltd. v. Bear Stearns & Co.District Court, S.D. New York · 1992
- Apex Oil Co. v. DiMauroDistrict Court, S.D. New York · 1986
12 more not listed; retrieve them via the Exa API.