Posted Oct 30, 2007 01:02 pm CDT
Two cases argued yesterday before the U.S. Supreme Court raise issues of statutory construction. The outcome will affect futures clearinghouses and prisoners.
In the first case, the issue is whether those who process trades can recover losses if the Board of Trade of the City of New York engages in wrongdoing, Law.com reports. The board argues the law permits only commodities buyers and sellers to recover. The case is Klein & Co. Futures v. Board of Trade of the City of New York.
In the second case, the issue is whether correctional officers are exempted from liability under the Federal Tort Claims Act for taking or losing a prisoner’s property. A prisoner who is suing for the loss of his possessions valued at $177 claims the law shields only correctional officers who enforce tax laws. The case is Ali v. Federal Bureau of Prisons.
Two cases scheduled for argument today involve pornography and career criminals, SCOTUSblog reports.