Dow Jones, S&P Shut Down ISE's Index Option Sales

Law360, Los Angeles (May 25, 2012, 7:48 PM EDT) -- An Illinois appeals court on Friday upheld a lower court's decision barring International Securities Exchange LLC from selling Dow Jones and S&P 500-linked index options without a license, agreeing that misappropriation claims by The McGraw-Hill Cos. Inc. and others aren't preempted by federal copyright law.

“The plaintiffs’ claims, which are based on the unauthorized use of their skills, expertise and goodwill in the creation of certain indexes are not claims that fall within the scope of the federal copyright law,” Judge Rodolfo Garcia wrote Friday in...
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