Jane Street-Millennium Trade Secrets Fight Ends in Settlement

Jane Street Group and Millennium Management agreed to settle a lawsuit over the alleged theft of a secret billion-dollar India options trading strategy, effectively ending a court battle that captivated Wall Street.

In a filing Thursday in Manhattan federal court, the parties said they had agreed to dismiss Jane Street’s lawsuit against Millennium and two traders, Doug Schadewald and Daniel Spottiswood, who left the proprietary trading firm to join Izzy Englander’s hedge fund group earlier this year. Terms of the settlement were not disclosed.

The resolution ends a case that had pitted two of Wall Street’s biggest names ...