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GALVIN v. FIRST NAT. MONETARY CORP.

No. 84 CV 969.

624 F.Supp. 154 (1985)

David W. GALVIN and Alice I. Galvin, Plaintiffs, v. FIRST NATIONAL MONETARY CORPORATION, Defendant.

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

October 4, 1985.

Attorney(s) appearing for the Case

Stanford A. Schwartz, East Meadow, N.Y., Andrew J. Conner, James E. Blackwood, Erie, Pa., for plaintiffs.

Simon, Deitch, Tucker, Weisman, Friedman & Trogan, Southfield, Mich. by Martin C. Weisman and Kenneth F. Silver, Walter, Conston & Schurtman, New York City by David B. Wolf, for defendant.

MEMORANDUM AND ORDER

McLAUGHLIN, District Judge.

This is an action for damages brought by the Galvins on behalf of themselves and all other New York residents who, at any time between May 1981 and July 1982, invested through agents or representatives of defendant First National Monetary Corporation ("FNMC") in "cash forward" contracts offered by FNMC. Plaintiffs allege violations of the Commodity Exchange Act ("CEA"), 7 U.S.C. §§ 6b and 6h, (Count...

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