S&P Dow Jones Wins Intellectual Property Dispute

The U.S. Supreme Court has denied a petition from the International Security Exchange to review a decision by the Illinois Appellate Court. The ruling is a victory in intellectual-property rights for both the S&P 500 and the Dow Jones Industrial Average.

According to S&P Dow Jones Indices CEO Alexander Matturri: "The United States Supreme Court ruling reinforces the intellectual-property rights of S&P Dow Jones Indices and other index providers whose expertise, time, and knowledge in creating stock market indices have served as the origin for immeasurable innovation in the world's financial markets."

The Illinois decision permanently prevented the ISE's ability to list or offer a tradeable exchange market on the S&P 500 and the Dow. It also instructed the Office of the Comptroller of the Currency against clearing, issuing, or settling the ISE's options. The ruling comes after a "long-running litigation," says Matturri.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2427982, ~/Articles/ArticleHandler.aspx, 11/28/2014 3:31:17 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 17,828.24 0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASD 4,791.63 4.31 0.09%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes


Advertisement