Supreme Court Snubs ISE's Appeal In Index Options Row

Law360, New York (May 13, 2013, 4:15 PM EDT) -- The U.S. Supreme Court on Monday declined to hear the appeal of International Securities Exchange LLC in its bid to overturn a decision blocking the exchange from selling options linked to the S&P 500 and Dow Jones Industrial Average without a license.

The high court denied a petition for writ of certiorari to ISE, which challenged an Illinois state appeals court decision in favor of S&P 500 owner The McGraw-Hill Cos. Inc., Dow Jones owner CME Group Index Services LLC, and Chicago Board Options Exchange Inc.,...
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