CBOT Members Reject CME Group Settlement Offer

Law360, New York (March 7, 2008, 12:00 AM EST) -- The dispute between two Chicago exchanges over voting rights will continue now that Chicago Board of Trade members have reportedly rejected an $850 million settlement offer from the Chicago Board Options Exchange.

CBOT was purchased last year by the Chicago Mercantile Exchange, and members of both bodies voted on July 9 to merge to form CME Group Inc. Former CBOT members seek voting rights if the options exchange goes public and have filed suit in the Delaware Court of Chancery in an effort to resolve the...
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