Chicago Board of Trade's (CBoT) restructuring plans received
a major boost last Tuesday after a court granted preliminary
approval for a settlement with its minority members over the
exchange's disputed share allocation plan.
CBoT officials declined to comment on the suit, which began
in August 2000. But in a letter to members obtained by FO
Week, CBoT chairman Charlie Carey wrote to members saying
that the settlement with minority members will allow the
exchange to move ahead with its long-awaited restructuring and
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