CHICAGO, Sept. 16, 2014 /PRNewswire/ -- Today CME Group released the following statement regarding McKerr v. Board of Trade of the City of Chicago:

"After two years of litigation, and following a lengthy decision by the Court denying plaintiffs' motion for a preliminary injunction and raising serious doubts about the viability of their claims, the plaintiffs have agreed to dismiss their suit against CME Group and abandon all of their claims against the defendants. They have agreed to do so without receiving any payment whatsoever from CME. In so doing, plaintiffs today are acknowledging what CME has said all along - the claims are meritless and should have never been brought in the first place. While this is a decisive victory for CME, it is unfortunate that the plaintiffs wasted so much of their own time and money, not to mention that of the Court and CME, chasing these baseless claims."

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As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex(®) electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

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SOURCE CME Group