Board of Trade of the City of Chicago v. Commodity Futures Trading Commission
Court of Appeals for the Seventh Circuit
1Opinion of the Court
CUMMINGS, Chief Judge.
This appeal involves a suit by the Board of Trade of the City of Chicago (“Board of Trade”) against the Commodity Futures Trading Commission (“the Commission”) for a declaratory judgment that a rule promulgated by the Commission is void and for a permanent injunction enjoining the Commission from enforcing that rule. The district court granted summary judgment in favor of the Board of Trade and the Commission has appealed.
The Commission is an independent federal agency established pursuant to the Commodity Exchange Act (“the Act”), 42 Stat. 998, 7 U.S.C. § 1 et seq.…
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