The American Lawyer Features CBOT Holdings, Inc. Shareholder Derivative Litigation in its "Big Suits" Section

September 2007

The American Lawyer's ("ALM") "Big Suits" section featured coverage of LAMPERS v. Chicago Board of Trade et al and the BLB&G attorneys who prosecuted it;  firm partner Salvatore Graziano, former partner Sean Coffey, senior counsel Niki Mendoza, and associate Takeo Kellar.

On June 14, 2007, BLB&G announced a settlement on behalf of its client and Lead Plaintiff, the Louisiana Municipal Police Employees' Retirement System ("LAMPERS"), in the shareholder class action against the Chicago Board of Trade Holdings, Inc. ("CBOT").  The settlement was reached when the Chicago Mercantile Exchange Holdings Inc. ("CME") enhanced its buyout offer by agreeing to pay a special cash dividend of $9.14 per share to CBOT shareholders, which provides at least $475 million in additional consideration on top of the additional $1 billion included in the earlier CME increase to its offer.  On July 9, 2007, the CBOT shareholders approved the CME merger.