Commodity Futures Trading Commission v. Board of Trade of City of Chicago
Court of Appeals for the Seventh Circuit
1Opinion of the Court
PELL, Circuit Judge.
The Commodity Futures Trading Commission (CFTC or Commission), sought preliminary injunctive relief against the Board of Trade of the City of Chicago (CBOT), appellee in No. 80-2431, and the Chicago Mercantile Exchange (CME), appellee in No. 80-2439, for allegedly violating section 5a(12) of the Commodity Exchange Act, 7 U.S.C. § 7a(12), and Commission Rule 1.41, 17 C.F.R. § 1.41 (1980). An emergency judge granted the Commission’s motions for temporary restraining orders effective July 15, 1980, but these were vacated two days later by Judge Perry. After accelerated…
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