Chicago Jury Finds for Defense in High-Stakes $2 Billion Pit Trading Case
CHICAGO — A jury in Chicago delivered a significant verdict on Wednesday in a high-stakes trial that involved the contentious practices of pit traders at the Chicago Mercantile Exchange. The jury found in favor of the defendants in a case that sought $2 billion in damages, alleging that the traders engaged in deceptive practices. The case revolved around the actions of a group of options traders who were accused of manipulating the market to their advantage. The plaintiffs comprised a coalition of investors who claimed that these actions resulted in substantial financial losses. The trial … Read more