After nearly two years of litigation, CME Group Inc.'s Chicago Board of Trade and its rival, the Chicago Board Options Exchange, agreed to settle their long-running dispute for roughly $1 billion. A final settlement, which must be approved by CBOE members and the Delaware Chancery Court, would clear the way for the CBOE to demutualize and go public or strike a deal with another exchange.
June 03, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
After nearly two years of litigation, CME Group Inc.‘s Chicago Board of Trade and its rival, the Chicago Board Options Exchange, agreed to settle their long-running dispute for roughly $1 billion.
A final settlement, which must be approved by CBOE members and the Delaware Chancery Court, would clear the way for the CBOE to demutualize and go public or strike a deal with another exchange.
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