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Chicago Exchange Wins $15.7 Million Over ‘SPAN’ Trademark Use

Aug. 18, 2021, 8:38 PM

Subsidiaries of Intercontinental Exchange Inc. must pay Chicago Mercantile Exchange Inc. $15.7 million for infringing its “SPAN” trademarks after a licensing agreement ended, a federal judge in Chicago ruled.

The implied license ended on the date in February 2018 when CME filed the lawsuit, U.S. District Judge Matthew Kennelly said in an opinion issued Tuesday for the U.S. District Court for the Northern District of Illinois. That implied license began in September 2017, upon CME’s approval of disclaimers the licensees had proposed for ICE’s website, Kennelly said.

CME, a financial and risk management company, owns trademarks related to its SPAN—standard ...