Mish International Monetary Inc. v. Vega Capital London, Ltd. et al, 20-cv-4577 (N.D. Ill.)

On August 20, 2025, the Seventh Circuit Court of Appeals denied Defendants’ Rule 23(f) petition that sought immediate review of the Honorable Manish S. Shah’s June 24, 2025 decision granting Plaintiffs’ Rule 23 motion to certify the following Class:

All persons and entities that sold a May 2020 light sweet crude oil (WTI) futures contract (“May contract”) traded on the New York Mercantile Exchange between 9:00 a.m. CST and 1:30 p.m. CST (inclusive) on April 20, 2020 (including by trade at settlement (“TAS”)), to liquidate a long position in the May contract.

The Class’ claims under the Sherman Act, the Commodity Exchange Act, and state-law claim for unjust enrichment survived Defendants’ second motion to dismiss. Mish Int’l Monetary Inc. v. Vega Cap. London, Ltd., 648 F.Supp.3d 980 (N.D. Ill. 2022).

For further information please contact Chris McGrath (cmcgrath@lshllp.com) or Benjamin Jaccarino (bjaccarino@lshllp.com).