Illinois
In Skadden's Chicago office, Amanda Brown helped secure a complete defense verdict for CME Group and the Chicago Board of Trade in Langer et al. v. CME Group, Inc. et al., a multibillion-dollar class action arising from the evolution of futures trading from open outcry pits to electronic platforms. After more than a decade of litigation and a three-week jury trial, the team obtained a unanimous defense verdict, defeating claims seeking over$2 billion in damages and bringing a significant dispute over trading rights to a close.
MoloLamken's Lauren Dayton played a key role in Contrarian Capital Management LLC v. Bolivarian Republic of Venezuela and related proceedings, a significant sovereign debt dispute involving more than $676 million in claims tied to Venezuela and PDVSA's defaulted obligations. The matter has produced important rulings concerning creditor rights, sanctions defenses, and efforts to enforce judgments against CITGO-related assets, placing the client in a strong position in the ongoing litigation.
