Eugene Scalia of Gibson Dunn & Crutcher has notched another victory against Wall Street regulation, strengthening a record that was already notably one-sided.
On Friday U.S. District Judge Robert Wilkins in Washington, D.C., vacated a rule adopted by the Commodity Futures Trading Commission last year to restrict speculative trading. The rule, based on the CFTC’s interpretation of the Dodd-Frank Act, capped the number of derivatives contracts individual traders could hold in certain commodities in an effort to curb inflated commodity prices.
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