Commodities

Dennison v. BP Corporation, No. 06 C 3334 (N.D. Ill).  This class action was commenced to recover damages as a result of defendant’s alleged improper conduct in manipulating the price of propane.  Mr. Miller serves as Co-Lead  Counsel in this consolidated Plaintiffs’ class action.

In re Sumitomo Copper Litig., 96 4584 (MP) (S.D.N.Y.).  Class action arising out of manipulation of the world copper market.  On October 7, 1999, the court approved settlements aggregating $134,600,000.  See 189 F.R.D. 274 (S.D.N.Y. 1999).  In awarding attorneys’ fees, Judge Milton Pollack noted that it was  “the largest class action recovery in the 75 plus year history of the Commodity Exchange Act”. 74 F. Supp. 2d 393 (S.D.N.Y. Nov. 15, 1999).  Additional reported opinions: 995 F. Supp. 451 (S.D.N.Y. 1998); 182 F.R.D. 85 (S.D.N.Y. 1998).  Mr. Miller was appointed by Judge Pollack as Plaintiffs’ Co-Lead Counsel.

In re Soybean Futures Litig., No. 89 7009 (N.D. IL).  A commodities manipulation class action against Ferruzzi Finanziaria, S.p.A. and related companies for unlawfully manipulating the soybean futures market in 1989.  In December, 1996, the court approved a settlement in the amount of $21,500,000. See 892 F. Supp. 1025 (N.D. Ill. 1995).  Mr. Miller served as Co-Lead Counsel for Plaintiffs.

In re International Trading Group, Ltd. Customer Account Litig., No. 89-5545 RSWL (GHKx) (C.D. Cal.)  Class action alleging violation of the anti-fraud provisions of the Commodity Exchange Act.  The case settled with individual defendants and proceeded to a judgment against the corporate entity.  In that phase, the Court awarded the Class a constructive trust and equitable lien over the corporation’s assets and entered a $492 million judgment in favor of the Class.

In re First Commodity Corporation of Boston Customer Account Litig., MDL-713 (D. MA).  Class actions alleging violation of the anti-fraud provisions of the Commodity Exchange Act.  The action settled for $5.3 million.  See 119 F.R.D. 301 (D. Mass. 1987).

Kohen, et  al. v. Pacific Investment Management Company, et al., No. 05 C 4681 (N.D. IL.).  This class action sought recovery for the alleged violation of the Commodity Exchange Act when the Defendants improperly manipulated the Ten-Year Treasury bonds.  Mr. Miller, at the request of Lead Counsel, serves as liaison counsel for the Plaintiffs.