Delay v. Rosenthal Collins Group, LLC
Court of Appeals for the Sixth Circuit
1Opinion of the Court
OPINION
KETHLEDGE, Circuit Judge.
Todd Delay filed this suit against his former employer, Rosenthal Collins Group, LLC (RCG), seeking indemnification for legal expenses incurred in successfully defending a prior suit brought against him under the Commodities Exchange Act (CEA), 7 U.S.C. § 1 et seq. The district court dismissed Delay’s claim, finding it preempted by federal law. We respectfully disagree, and thus vacate and remand.
I
According to Delay’s complaint, RCG is a “futures commission merchant,” see 7 U.S.C. § la(20), operating numerous trading desks on the floor of the Chicago Board of…
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