CBOE Faces Another VIX Futures Manipulation Antitrust Suit
Law360 (July 24, 2018, 9:08 PM EDT) -- The holding company for the Chicago Board Options Exchange was hit with another proposed antitrust class action Monday over alleged manipulation of the exchange's volatility index, with a trading firm accusing the CBOE in Illinois federal court of looking the other way as a group of financial firms stoked uncertainty among other investors.
Chicago-based Breakwater Trading LLC sued CBOE Exchange Inc., parent company of CBOE Global Markets Inc. and CBOE Futures Exchange LLC, which is run by the CBOE, along with a series of John Doe defendants. Breakwater claims the "select group of financial institutions and trading firms" manipulated the so-called...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!