Ropes & Gray Advantage

For the world’s leaders in business and finance, Ropes & Gray’s global team of professionals has the industry savvy and legal experience to identify critical issues, solve problems and pave the way for clients’ success. Continue


LinkedIn

Twitter

Podcasts


Joining Ropes & Gray means becoming part of a global network of 1,300 professionals working across three continents and 17 time zones. And that translates into exciting career opportunities for entry-level candidates and experienced lawyers alike. Continue

Screaming into a Pit: CFTC Gets Empty Response to Market Manipulation Claims

In an opinion released on November 30, 2018, federal Circuit Judge Richard Sullivan dismissed a lawsuit brought by the U.S. Commodity Futures Trading Commission (the “CFTC”) seeking to hold a prominent Chicago trader and his investment firm liable for manipulation and attempted market manipulation of a highly illiquid segment of the interest rate swaps market. The decision—which followed a four-day bench trial conducted in 2016—is noteworthy not only for the setback dealt to the CFTC in its first market manipulation trial since 2008, but also for the overarching tenor of the opinion. The CFTC had argued that defendants, responding to a perceived undervaluing of certain swaps, had engaged in market manipulation by placing bids designed to drive up the price of those swaps, thereby benefiting from gains to preexisting long positions and from daily margin payments. Continue

Ropes & Gray attorneys regularly provide insightful perspective on key legal issues.To read more, visit our Alerts archive.


Independent Investigation 

Ropes & Gray conducted an independent investigation into the abuse of hundreds of elite and Olympic gymnasts and other children by Larry Nassar. To read the report and for more information, please visit nassarinvestigation.com.

Screaming into a Pit: CFTC Gets Empty Response to Market Manipulation Claims

In an opinion released on November 30, 2018, federal Circuit Judge Richard Sullivan dismissed a lawsuit brought by the U.S. Commodity Futures Trading Commission (the “CFTC”) seeking to hold a prominent Chicago trader and his investment firm liable for manipulation and attempted market manipulation of a highly illiquid segment of the interest rate swaps market. The decision—which followed a four-day bench trial conducted in 2016—is noteworthy not only for the setback dealt to the CFTC in its first market manipulation trial since 2008, but also for the overarching tenor of the opinion. The CFTC had argued that defendants, responding to a perceived undervaluing of certain swaps, had engaged in market manipulation by placing bids designed to drive up the price of those swaps, thereby benefiting from gains to preexisting long positions and from daily margin payments. Continue

Ropes & Gray attorneys regularly provide insightful perspective on key legal issues.To read more, visit our Alerts archive.


Independent Investigation 

Ropes & Gray conducted an independent investigation into the abuse of hundreds of elite and Olympic gymnasts and other children by Larry Nassar. To read the report and for more information, please visit nassarinvestigation.com.

Cookie Settings