NYBOT Member Wins Stock In ICE Merger Agreement Suit

Law360, New York (August 18, 2011, 9:17 PM EDT) -- The Delaware Supreme Court ruled Tuesday that a member of the former Board of Trade of the City of New York Inc. was entitled to stock in a new exchange created after its merger with IntercontinentalExchange Inc., as outlined in the merger agreement.

When the two companies merged in 2007, NYBOT members were offered a choice between stock in the new ICE-owned entity, ICE Futures US Inc., cash for their membership interests or a combination of both, according to the plaintiff, Mahyar Amirsaleh. To pick, members...
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