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JPML Eyes Sending VIX Suits To Ill. Despite Judge Shortage

Law360, Chicago (May 31, 2018, 8:32 PM EDT) -- The Judicial Panel on Multidistrict Litigation seemed unmoved Thursday by a request from investors alleging an unlawful manipulation of the Chicago Board Options Exchange's volatility index to consolidate similar suits in New York rather than Illinois given the number of bench vacancies on Chicago federal court.

The seven-judge panel spent little time hearing Bart Cohen's argument that the Northern District of Illinois' "highly unusual situation" in which it is "under siege" with several vacancies and a lack of nominations to fill the bench makes a more...
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