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SCATTERED CORP. v. CHICAGO STOCK EXCHANGE, INC.

No. 95-3616.

98 F.3d 1004 (1996)

SCATTERED CORPORATION and Laura Bryant, Plaintiffs-Appellants, v. CHICAGO STOCK EXCHANGE, INC., Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided October 24, 1996.

Attorney(s) appearing for the Case

Elizabeth D. Sharp, Paul A. Hybel, Leland W. Hutchinson, Jr. (argued), Nigel F. Telman, Jennifer Fitzgerald, Freeborn & Peters, Chicago, IL, for Scattered Corporation.

Elizabeth D. Sharp, Paul A. Hybel, Leland W. Hutchinson, Jr., Nigel F. Telman, Freeborn & Peters, Chicago, IL, for Laura Bryant.

Douglas Hagerman (argued), Foley & Lardner, Milwaukee, WI, John D. Lien, Carolyn E. Knecht, Foley & Lardner, Chicago, IL, for Chicago Stock Exchange, Incorporated.

Before EASTERBROOK, RIPPLE, and ROVNER, Circuit Judges.

EASTERBROOK, Circuit Judge.

Scattered Corporation, a member of the Chicago Stock Exchange, is an arbitrageur specializing in the securities of bankrupt corporations. It also wants to serve as a market maker for other arbitrageurs who do business in these stocks. Between June 1994 and June 1995 Scattered cleared its market-making trades through Prudential Securities. But on June 8, 1995, the Exchange informed Prudential that Scattered was not a market maker for TWA...

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