Del. Judge's OK Opens Door For CBOE Stock Offering

Law360, New York (June 4, 2009, 12:00 AM EDT) -- A court in Delaware gave final approval to a settlement in long-running litigation between the Chicago Mercantile Exchange Group's Chicago Board of Trade and the Chicago Board Options Exchange, paving the way for the CBOE to list as a publicly traded company.

Vice Chancellor John W. Noble of the Delaware Court of Chancery on Wednesday gave final approval of the deal, first reached last June and amended through a series of high-stakes negotiations. According to the ruling, the total settlement amount could come out to around...
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