Judge Refuses to Cede to Delaware Litigation Over 'Iconic' Exchange

, New York Law Journal

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A class action filed by shareholders in the New York Stock Exchange over its planned merger with IntercontinentalExchange can go forward in New York alongside a nearly identical, earlier-filed class action in the Delaware Chancery Court, a Manhattan Commercial Division judge has ruled, decisively rejecting the "first filed" theory asserted by the defendants.

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