Amacker v. RENAISSANCE ASSET MANAGEMENT LLC
Court of Appeals for the Fifth Circuit
1Opinion of the Court
OWEN, Circuit Judge:
Appellants brought suit alleging that futures commission merchants violated the Commodity Exchange Act 1 by aiding and abetting an investment pool operator in his scheme to defraud investors. The district court dismissed the complaint for failure to state a claim against the futures commission merchants. We affirm.
I
The plaintiffs in this case were investors in a commodity pool operated by defendant Anthony Ramunno. They invested under the impression that Ramunno would use their money to trade in the commodities markets. Ramunno, however, operated his company Renaissance…
2Cases cited11 opinions
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- Abell v. Potomac Insurance CompanyCourt of Appeals for the Fifth Circuit · 1988
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