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Chicago Mercantile Exchange v. Deaktor, 414 U.S. 113 (1973)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Chicago Mercantile Exchange v. Deaktor, 414 U.S. 113 (1973)
Chicago Mercantile Exchange v. Deaktor No. 73-241 Decided December 3, 1973 414 U.S. 113
ON PETITION FOR WRIT OF CERTIORARI TO THE UNITED STATES
COURT OF APPEALS FOR THE SEVENTH CIRCUIT
Syllabus
Two suits were brought charging petitioner, the Chicago Mercantile Exchange, with, inter alia, violating the Commodity Exchange Act (CEA) and failure to enforce its own rules. The District Court refused petitioner’s applications for stays of the suits to permit the Commodities Exchange Commission to determine initially whether the challenged actions comported with the CEA and petitioner’s rules. The Court of Appeals affirmed.
Held: The Commission, whose administrative functions appear to encompass adjudication of the charges against petitioner, should pass on those charges in the first instance. Ricci v. Chicago Mercantile Exchange, 409 U.S. 289.
Certiorari granted; 479 F.2d 529, reversed and remanded.
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Chicago:
U.S. Supreme Court, "Syllabus," Chicago Mercantile Exchange v. Deaktor, 414 U.S. 113 (1973) in 414 U.S. 113 Original Sources, accessed July 1, 2025, http://www.originalsources.com/Document.aspx?DocID=AYSWMA5HRP16MXK.
MLA:
U.S. Supreme Court. "Syllabus." Chicago Mercantile Exchange v. Deaktor, 414 U.S. 113 (1973), in 414 U.S. 113, Original Sources. 1 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=AYSWMA5HRP16MXK.
Harvard:
U.S. Supreme Court, 'Syllabus' in Chicago Mercantile Exchange v. Deaktor, 414 U.S. 113 (1973). cited in 1973, 414 U.S. 113. Original Sources, retrieved 1 July 2025, from http://www.originalsources.com/Document.aspx?DocID=AYSWMA5HRP16MXK.
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