Exclusivity

CME Under Fire: Legal Dispute Erupts Over Electronic Trading Access and Floor Exclusivity

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Chicago, Ill. — Members of the Chicago Mercantile Exchange (CME) have been utilizing electronic trading connectivity tools alongside nonmembers, paying identical access fees for over a decade. This practice has come into focus following the opening of a new data center by the exchange, raising concerns from some members who contend their exclusive rights and contractual agreements may have been compromised. In a recent court hearing in Illinois, legal representatives for CME argued that the exchange’s operations have adhered to established guidelines for many years. By fostering an environment where both members and nonmembers could … Read more

Alibaba Agrees to $433.5 Million Settlement in Shareholder Lawsuit Over Misleading Exclusivity Claims

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Hangzhou, China – Alibaba Group, the Chinese e-commerce giant, has agreed to pay $433.5 million to settle a class-action lawsuit brought by its shareholders in the United States. The suit accused Alibaba of issuing misleading statements concerning its business practices and alleged exclusivity agreements. Shareholders filed the lawsuit in March 2023 within the U.S. District Court for the Southern District of New York. The primary allegations centered around the claim that Alibaba misled investors about its competitive practices, resulting in potential advantages that artificially inflated stock prices. This purported inflation led to significant losses when … Read more