CME Group Drops Challenge To New CFTC Swap Rules

Law360, Los Angeles (November 29, 2012, 9:07 PM EST) -- CME Group Inc. on Thursday dropped its lawsuit in Washington federal court against the U.S. Commodity Futures Trading Commission seeking to block new rules for clearing swap transactions, after the agency eased back on some of the requirements.

The suit's dismissal comes one day after the CFTC withdrew a portion of a document that rules how trade-data information, including price and volume, is transported to new databases under the Dodd-Frank Act.

In a filing Thursday, CME Group announced it voluntarily dismissed without prejudice its suit opposing...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.