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BISHOP v. COMMODITY EXCHANGE, INC.

No. 82 Civ. 0312 (MEL).

564 F.Supp. 1557 (1983)

David T. BISHOP, Plaintiff, v. COMMODITY EXCHANGE, INC., Raymond Nessim, Phibro Corp., formerly d/b/a Engelhard Minerals & Chemicals Corp., Philipp Brothers Div., Henry G. Jarecki, Mocatta Metals Corp., Edward H. Hoffstatter, Jr., Sharps-Pixley, Inc., Henry G. Eisenberg, Brandeis, Goldschmidt & Co., Inc., Robert G. Gremald, Ametalco, Inc., Irving Redel, Redel Trading Company, Inc., Herbery J. Coyne, J. Aron & Co., Inc., Moses Marx and United Equities Commodities, Inc., Defendants.

United States District Court, S.D. New York.

June 13, 1983.

Attorney(s) appearing for the Case

Kreindler & Kreindler, New York City, for plaintiff; Michel F. Baumeister, Donald I. Marlin, New York City, of counsel.

Weil, Gotshal & Manges, New York City, for defendant Governors; Dennis J. Block, Irwin H. Warren, Kenneth L. Steinthal, Susanna M. Lowy, New York City, of counsel.

Baer, Marks & Upham, New York City, for defendant Comex; Eugene R. Scheiman, Barry J. Mandel, Thomas E. Albright, William A. Brandt, Jr., Joshua B. Parker, New York City, of counsel.

LASKER, District Judge.

Defendants move pursuant to Fed.R. Civ.Pr. 12(b)(6) and 9(b) to dismiss the complaint in this action which alleges manipulation of the market for silver futures contracts. Familiarity with the earlier decision in this case, 562 F.Supp. 516 (S.D.N.Y.1983), is assumed.

David Bishop, who held a "long position" in silver futures in January, 1980, complains that the promulgation by the Commodity Exchange...

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