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CATHEDRAL TRADING v. CHICAGO BD. OPTIONS EXCHANGE

No. 01 C 3456.

199 F.Supp.2d 851 (2002)

CATHEDRAL TRADING, LLC, LTC Trading, Inc., Elizabeth Ecklund Smolinski, Kristopher Smolinski, Ray Barker, Brian Gill, Matthew Kundrat, and Michael Powers, Plaintiffs, v. The CHICAGO BOARD OPTIONS EXCHANGE and the Options Clearing Corporation, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

April 30, 2002.

Attorney(s) appearing for the Case

Richard T. Reibman, Robbins, Salomon & Patt, Ltd., Chicago, IL, Dean A. Dickie, Harry N. Arger, Gwen Marie Geraghty, Rooks, Pitts & Poust, Chicago, IL, Michael H. Saken, Wheeling, IL, for plaintiffs.

Paul E. Dengel, Paul Edwin Greenwalt, III, Aron Bornstein, Schiff, Hardin & Waite, Chicago, IL, for Chicago Bd. Options Exchange, Inc., defendant.

William John Nissen, David C. Giardina, Sidley Austin Brown & Wood, Chicago, IL, for Options Clearing Corp., defendant.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

The plaintiffs in this securities fraud action trade options on U.S. options exchanges, including the Chicago Board Options Exchange ("CBOE"). They are not members of the CBOE or other exchanges but are retail customers in the business of trading in options and stocks. The CBOE issues equity and index options individually and also in concert with Options Clearing Corporation ("OCC"), a Delaware...

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