CBOE Settles Ownership Rights Appeals For $2M

By Christopher Norton

Law360, New York (December 01, 2009, 7:09 PM ET) -- The Chicago Board Options Exchange has agreed to pay $2.1 million to settle the outstanding appeals blocking the final approval of the larger settlement — potentially worth as much as $1 billion — of its protracted litigation with the Chicago Mercantile Exchange Group's Chicago Board of Trade, clearing the latest roadblock on the CBOE's path to becoming a publicly traded firm.

The settlement with the seven appellants, members of a CBOT class who were unhappy with their treatment under the larger class action settlement agreement, was...
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