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 the new rules over swap transactions, a market that critics say lacks transparency and blame...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!