Henryk De Kwiatkowski v. Bear, Stearns & Co., Inc., Bear, Stearns Securities Corporation, and Bear Stearns Forex Inc., and Albert J. Sabini
Court of Appeals for the Second Circuit
1Opinion of the Court
JACOBS, Circuit Judge.
In a period of less than five months-in 1994-95, plaintiff Henryk de Kwiatkowski (“Kwiatkowski”) made and lost hundreds of millions of dollars betting on the U.S. dollar by trading in currency futures. Kwi-atkowski traded on a governmental scale: At one point, his positions accounted for 30 percent of the total open interest in certain currencies on the Chicago Mercantile Exchange. After netting over $200 million in the first trading weeks, Kwiatkowski’s fortunes turned; between late December 1994 and mid-January 1995, Kwiatkowski suffered single-day losses of $112…
2Cases cited19 opinions
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- Glenn Hill v. Bache Halsey Stuart Shields Incorporated, a Delaware CorporationCourt of Appeals for the Tenth Circuit · 1986
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