Law360, New York (January 07, 2005, 12:00 AM ET) -- The McGraw-Hill Companies has sued two major players in the options market, seeking an injunction to prevent them from trading options on Standard & Poor’s depositary receipts without a license.
The complaint, filed with the U.S. District Court Southern District of New York in Manhattan, targets the International Securities Exchange and the Options Clearing Corporation.
Standard & Poor’s, best know for its index services and its bond ratings division, is a subsidiary of the McGraw-Hill publishing conglomerate. The unit has been fiercely protective of its trademarked...
McGraw-Hill Sues Major Options Players Over Index Trading
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