Chicago Board Options Exchange (CBOE) could wrap up its legal battle over exercise rights with the Chicago Board of Trade (CBoT) this summer, according to CEO, Bill Brodsky.
Brodsky told reporters at the Options Industry conference in Las Vegas on May 2 that he expected to hold a hearing at the Delaware Chancery Court in the first week of June. That hearing will address motions by both sides to dismiss the case and likely rule on those motions over the summer. If the judge denies the motions, the proceedings will move toward a full...