Judge rejects Novig bid & rebukes CFTC as ‘collusive’
The judge’s order criticised the regulator’s own conduct even while ruling against Novig.
The hit
A federal judge in New York has refused to grant Novig a preliminary injunction against state authorities, according to SBC Americas. The order, issued Nov. 10, also criticised the Commodity Futures Trading Commission for conduct the judge called contradictory & collusive. The 35-page opinion came from the US District Court for the Southern District of New York.
The record
| Court | US District Court, Southern District of New York |
|---|---|
| Order length | 35 pages |
| Outcome | Novig’s preliminary injunction bid rejected |
What happens next
Watch for Novig’s next move, whether an appeal or a renewed state-level filing, & any CFTC response to the judge’s criticism of its conduct.
Sources: How a New York judge’s decision against Novig actually scolded feds
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