Judge Orders CFTC to Pay $3M in Attorney Fees Over Bad-Faith Suit Dismissal

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Silence Speaks Volumes

Neither party offered comment Monday, though the court’s blistering findings echo loudly through regulatory and legal circles. The CFTC, long regarded as a ferocious enforcer of commodity and currency trading rules, now faces renewed scrutiny over its internal oversight and case management.

Case Background and Legal Teams

  • For Traders Global & Kazmi:

    • Quinn Emanuel Urquhart & Sullivan LLP: Robert Zink, Avi Perry

    • King & Spalding LLP: Craig Carpenito

    • McCarter & English LLP served in a special master capacity

  • For the CFTC:

    • In-house counsel: Margaret P. Aisenbrey and Raagnee Beri