Commodities Exchange Act Claim Dismissed for Failing to Plead Scienter

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The U.S. Court of Appeals for the Fifth Circuit affirmed a district court’s dismissal of a putative class action brought by a group of natural gas futures and options contract traders under the Commodities Exchange Act (CEA).

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Published In: Civil Procedure Updates, Energy & Utilities Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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