On January 8, 2024, in a decision that underscores the potential viability of fair-notice defenses to U.S. regulators’ rule interpretations, the U.S. Court of Appeals for the Fifth.
A Houston-based energy commodities broker and the firm he worked for have asked a Texas federal judge to give them a new trial against the U.S. Commodity Futures Trading Commission after the agency secured a $7.5 million jury verdict in its favor.