Buhle v. Chicago Board Options Exchange, Inc.

Plaintiffs, James Buhle 1 and A. P. Arciero, Ltd., appeal the trial court’s granting of the motion of defendant, Chicago Board Options Exchange, Inc. (Exchange), to dismiss their amended complaints in two consolidated cases. The trial court dismissed the amended complaints for failure to state a cause of action.

On appeal plaintiffs contend that the amended complaints sufficiently allege that defendant owed a fiduciary duty to plaintiffs, that defendant breached the fiduciary duty, and also that defendant breached its contractual duty to plaintiffs.

For the reasons stated below, we affirm the…