Motion to Amend Denied Pending Future Lifting of Stay
In CBOT Holdings, Inc. v. Chicago Board Options Exchange, Inc., 2007 WL 3051155 (Del. Ch., Oct. 10, 2007), read letter decision here, the Chancery Court denied a motion for a third amended complaint (or more accurately deferred it), in order to avoid a two-step procedure in light of the recent decision to stay the proceedings pending a resolution by the SEC on issues related to the demutualization of the Chicago Board of Trade. That prior decision was summarized here on this blog. For the same reasons that the court stayed the proceedings pending the ruling by the SEC, the court deferred the ruling on the motion to amend the complaint until the case is resumed.
