Keith Meyers and Meyers Livestock v. Commodity Futures Trading Commission

28 F.3d 107 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. Keith MEYERS and Meyers Livestock, Petitioners, v. COMMODITY FUTURES TRADING COMMISSION, Respondent. No. 92-70594. United States Court of Appeals, Ninth Circuit. Argued and Submitted Feb. 7, 1994. Decided July 13, 1994. 1 Before: ALARCON and FERNANDEZ, Circuit Judges, and WILSON, District Judge 1 . MEMORANDUM 2 2 On April 28, 1988, Petitioners Keith Meyers and Meyers' Livestock filed a reparations complaint with the Commodity Futures Trading Commission. Respondents in the action were Saul Stone and Company, Cole Commodities, George White Commodities, George White and Mary White. The complaint alleged three violations of the Commodity Exchange Act: unauthorized trading, churning and failure to supervise. 3 A hearing was held before an administrative law judge from August 21 through August 24, 1989. On March 9, 1990, the ALJ issued a decision dismissing all of Petitioners' claims. 4 On March 28, 1990, Petitioners…