On or around 09/04/2019 (Ongoing date of last review)
Filing Date: April 05, 2018
Plaintiff's law firm issued a press release on April 5, 2018, announcing the lawsuit.
The Complaint alleges CBOE participated with others to manipulate the VIX “fear gauge” in a systematic manner during the 2004 to 2018 timeframe. This alleged improper manipulation caused economic damages to investors who traded in VIX futures, options and certain other VIX derivatives. As a consequence of these activities, the Complaint alleges that CBOE and a few of its preferred traders violated the Securities Exchange Act of 1934, the Commodity Exchange Act and the Sherman Act.
This case is part of the Multi-District Litigation consolidated under Docket 18-CV-04171 in the Northern District of Illinois. On September 28, 2018, Plaintiffs filed a consolidated Complaint. Defendants filed a Motion to Dismiss the consolidated Complaint on November 19. On May 29, 2019, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint. Plaintiffs filed a consolidated amended Complaint on July 19. On August 23, Plaintiffs filed a corrected consolidated amended Complaint.
Company & Securities Information
Defendant: CBOE Global Markets, Inc.
Industry: Misc. Financial Services
Headquarters: United States
Ticker Symbol: CBOE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Spencer Roland Bueno, et al. v. CBOE Global Markets, Inc., et al.