Emini Futures Class Action Settlement is a legal settlement administered by the Settlement Administrator in White Plains, NY. The settlement pertains to a class action lawsuit, Boutchard, et al. v. Gandhi, et al., involving the alleged manipulation of E-Mini Index Futures and Options on E-Mini Index Futures traded on the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) between March 2012 and October 2014.
The lawsuit claims that a group of futures traders and their employing trading firm engaged in spoofing, a technique involving the placement and cancellation of orders to manipulate market prices. The settlement offers affected individuals the opportunity to file a claim and potentially receive a portion of the settlement fund, or they can choose to exclude themselves from the settlement or object to its terms.
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