| National Futures Association
Is Sued By Plaintiff Who Also Sued Hedge Fund
in SDNY
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY COURTHOUSE,
Jan 22 – Samantha Siva Kumaran
sued the National Futures
Association, while also suing
Northland Energy Trading LLC
for allegedly keeping and
using her risk hedging
software.
On National
Futures Association, U.S.
District Court
for the
Southern
District of
New York
Magistrate
Judge Stewart
D. Aaron on
January 26
held a
proceeding.
Inner City
Press covered
it.
Judge
Aaron ordered
that defendant
Tom Kaklec, a
board member
of NFA, by
February 2
must email
Chambers
proposed
redactions to
the Guaranty
and Fee
Agreements
that is Docket
Number 58-1,
with Ms.
Kumaran to
reply to
February 9.
Then, a motion
to dismiss.
This case is
Kumaran et al
v. National
Futures
Association et
al., 20-cv-3668
(Woods /
Aaron).
In the
Northland case U.S. District
Court for the Southern
District of New York Judge
Mary Kay Vyskocil held a
proceeding on June 18.
Inner City Press
covered it. Kumaran repeatedly
asked to have forthcoming
filings sealed. Judge Vyskocil
to her credit said, That's not
how it works in Federal
court.
Well, it's
not supposed to be how it
works.
Ultimately Judge Vyskocil
issued an order denying the
motion to strike document from
the record, and referring the
plaintiff's motion for a
protective order to Magistrate
Judge Freeman.
Now in
January Kumaran has argued
that defendants are not
complying with their discovery
obligations. On January 22
Magistrate Judge Freeman held
a proceeding, and Innner City
Press covered it.
The motions to
compel and for sanctions were
both denied, albeit without
prejudice. Another conference
was scheduled for February 4.
Inner City Press will continue
to cover this case.
The case is
Kumaran et al v. Northland
Energy Trading, LLC et al.,
19-cv-8345 (Vyskocil /
Freeman).
***
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