CME Group Can't Shake Antitrust Claims In USFE Suit

Law360, New York (August 3, 2012, 11:08 PM EDT) -- An Illinois federal judge on Friday allowed some antitrust claims against the Chicago Board of Trade and Chicago Mercantile Exchange Inc. to proceed in a dispute accusing them of conspiring to prevent U.S. Futures Exchange LLC from creating a competing exchange.

U.S. District Judge James B. Zagel rejected CME's argument that USFE cannot show injury from the alleged anti-competitive conduct when “trading is up and fees are down” in the commodities market, according to his order.

“It does not take a world renowned economist to spot...
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Case Information

Case Title

US Futures Ex LLC, et al v. Bd Trade Cty of Chgo, et al


Case Number

1:04-cv-06756

Court

Illinois Northern

Nature of Suit

410(Anti-Trust)

Judge

Honorable Thomas M. Durkin

Date Filed

October 20, 2004

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