Chicago Board of Trade Sues Options Exchange

Law360, New York (August 24, 2006, 12:00 AM EDT) -- The Chicago Board Options Exchange called off merger discussions Wednesday with the Chicago Board of Trade just a few hours before the CBOT lodged a lawsuit against the options exchange.

The CBOE ended talks on a potential business combination of the two exchanges right before CBOT Holdings Inc., CBOT’s parent company, launched a suit in the Court of Chancery of the State of Delaware against CBOE to enforce the rights of CBOT members to CBOE shares when the options exchange converts from a member-owned to a...
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