Welcome
Mergers & Antitrust Law News

CME Wins 15-Year-Old Antitrust Suit Brought by Germany’s Eurex

Nov. 1, 2018, 10:11 PM

CME Group Inc. said it defeated a 15-year-old court case that argued it engaged in anti-competitive behavior that blocked a major German exchange from getting a foothold in the U.S.

The case has been dismissed, CME said in a statement Nov. 1. It faced damages estimated at about $1.5 billion. A message sent outside normal business hours to Deutsche Boerse AG, the Frankfurt-based owner of the Eurex exchange that never got traction in the U.S., wasn’t immediately answered.

The lawsuit centered on whether CME Group and the Chicago Board of Trade, which CME later bought, colluded to weaken Eurex’s new...

To read the full article log in. To learn more about a subscription click here.