Search Supreme Court Cases


U.S. Supreme Court

Chicago Mercantile Exchange v. Deaktor, 414 U.S. 113 (1973)

Chicago Mercantile Exchange v. Deaktor

No. 73-241

Decided December 3, 1973

414 U.S. 113


Two suits were brought charging petitioner, the Chicago Mercantile Exchange, with, inter alia, violating the Commodity Exchange Act (CEA) and failure to enforce its own rules. The District Court refused petitioner's applications for stays of the suits to permit the Commodities Exchange Commission to determine initially whether the challenged actions comported with the CEA and petitioner's rules. The Court of Appeals affirmed.

Held: The Commission, whose administrative functions appear to encompass adjudication of the charges against petitioner, should pass on those charges in the first instance. Ricci v. Chicago Mercantile Exchange, 409 U. S. 289.

Certiorari granted; 479 F.2d 529, reversed and remanded.

Powered by Justia US Supreme Court Center: CHICAGO MERCANTILE EXCHANGE V. DEAKTOR, 414 U. S. 113 (1973)

Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.