Second Circuit -- CFTC v. 3M Employee Welfare Benefit Association Trust I, et al.

Corporate receivership winding up a fraud has equitable authority not to award a prudence premium to investors in the regulated funds, as both the regulated and the non-regulated investments are similarly situated with respect to the fraud.

Inflation adjustment not required as a matter of law.

CFTC v. 3M Employee Welfare Benefit Association Trust I, et al.