7th Circ. Upholds Chicago Exchanges' Antitrust Win
Law360 (March 24, 2020, 9:33 PM EDT) -- The Seventh Circuit upheld two Chicago exchanges' pretrial win over antitrust claims that they conspired to block a competing outfit from entering the market, finding that their flood of public comments is protected under the First Amendment.
The three-judge panel found Monday that the Chicago Board of Trade and Chicago Mercantile Exchange did not violate antitrust laws when they responded to the U.S. Commodity Futures Trading Commission's request for public comment as it considered the U.S. Futures Exchange's application to bring a new exchange to the market, affirming a lower court's decision to grant summary judgment in the 15-year-old lawsuit....
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