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...
To view the full article, register now.

Documents

Related

Sections

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

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.