Cataldo Capozza Announces Expedited Court Proceedings
July 16 2008 - 11:55AM
Business Wire
Cataldo J. Capozza, an original member and shareholder of NYMEX
Holding, Inc. (�NYMEX�) (NYSE:NMX), who filed a class action on
March 17, 2008, in the Delaware Chancery Court on behalf of all
NYMEX shareholders, announced today that the Delaware Chancery
Court has granted expedited discovery in anticipation of a motion
to enjoin the proposed sale of NYMEX to CME Holdings, Inc. (�CME�).
Capozza is seeking a substantial improvement to the terms of the
proposed sale. �Given the record volume on the Exchange in recent
quarters, NYMEX should be trading at or near its all-time high.
However, our shares are being weighed down by the sharp decline in
the price for CME stock,� Capozza said. �If we don�t get an
improved deal from CME, I don�t see any way that Chairman Richard
Schaeffer and Chief Executive Officer James Newsome can remain in
office,� he added.
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