Legal Opinion
Choi v. Tower Research Capital LLC
Court of Appeals for the Second Circuit
Decided March 29, 2018No. 17-648-cv; August Term, 2017PublishedCited by 90 opinions
1Opinion of the Court
John M. Walker, Jr., Circuit Judge:
Plaintiffs, five Korean citizens, transacted on a "night market" of Korea Exchange *63("KRX") futures contracts. The KRX is a derivatives and securities exchange headquartered in Busan, South Korea. On the KRX night market, traders enter orders in Korea, when the KRX is closed for business, whereupon their orders are quickly matched with a counterparty by an electronic trading platform ("CME Globex") located in Aurora, Illinois. The trades are then cleared and settled on the KRX when it opens for business the following morning.
Plaintiffs allege that Defendants…
2Cases cited22 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Morrison v. National Australia Bank Ltd.Supreme Court of the United States · 2010
- Mandarin Trading Ltd. v. WildensteinNew York Court of Appeals · 2011
- Ryder Energy Distribution Corporation v. Merrill Lynch Commodities Inc., E.F. Hutton & Co., Inc., and New York Mercantile ExchangeCourt of Appeals for the Second Circuit · 1984
17 more not listed; retrieve them via the Exa API.
3Cited by90 opinions
- Choi v. Tower Rsch. Cap. LLCCourt of Appeals for the Second Circuit · 2021
- Giunta v. DingmanCourt of Appeals for the Second Circuit · 2018
- Dennis v. JPMorgan Chase & Co.District Court, S.D. Illinois · 2018
- Auto Ind. Pension Trust Fund v. Toshiba Corp.Court of Appeals for the Ninth Circuit · 2018
- In re London Silver Fixing, Ltd., Antitrust Litig.District Court, S.D. Illinois · 2018
85 more not listed; retrieve them via the Exa API.