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US federal judge denies joint Gemini-CFTC bid to undo $5 million settlement
Federal judge denies Gemini-CFTC bid to undo $5 million settlement.
Context
What happened: A US federal judge denied a joint bid by Gemini and the CFTC to undo a $5 million settlement. The court noted Gemini settled voluntarily three weeks before trial.
Key numbers: $5 million settlement; three weeks before trial.
Why it matters: The court held that policy changes do not warrant reopening the judgment, leaving the settlement in place.
What changed
A US federal judge denied a joint bid by Gemini and the CFTC to undo a $5 million settlement. The court noted Gemini settled voluntarily three weeks before trial.
Why it matters
The court held that policy changes do not warrant reopening the judgment, leaving the settlement in place.