Former JPMorgan trader abandons lawsuit against CFTC

Former JPMorgan trader abandons lawsuit against CFTC

Former JPMorgan Forex trader Richard Usher has agreed to terminate his lawsuit against the Commodity Futures Trading Commission (CFTC). This becomes clear from documents recently filed with the Columbia District Court.

The documents state that, pursuant to Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure, Plaintiff, Richard Usher, and Defendant, United States Commodity Futures Trading Commission, jointly stipulate that the case shall be dismissed in its entirety without prejudice and that each party should bear its own costs.

Usher launched his lawsuit against the CFTC in March 2021. The trader said that the case demonstrates “the Kafkaesque injustice that could result when an agency of the United States Government obstructs a defendant’s request…
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