About Us  |   Contact Us  |   Register  | Login  |   

Follow HedgeWorld on Twitter HedgeWorld on LinkedIn






HEDGEWORLD NEWS
Search the News
Advanced News Search
HedgeWorld News by Region
United States / Americas
Europe
Asia / Australia
International
HedgeWorld News Sections
Managed Futures & Derivatives
Daily News
Regulatory/Legal
Strategies/Analysis
Technology
Opinion
People
Indexes
Other News Features
Most Popular
LexisNexis Headlines
Reuters Headlines
The HedgeWorld Blog
Alternative Advantage Daily Newsletter
RSS Service
Sign Up For Email News Alerts
Reprints



Thomson Reuters and ex-employee agree to settle lawsuit
05/12/2014 Email this story  |  Printable Version

May 12 (Reuters) - Thomson Reuters Corp and a former employee who sued the company claiming wrongful termination reached a settlement agreement, according to a court document filed on Monday.

The plaintiff Mark Rosenblum, a former Thomson Reuters employee, sued the global news and data company, saying he lost his job after complaining about how the company distributed data.

Rosenblum said he lost his job in retaliation for telling the Federal Bureau of Investigation that he believed Thomson Reuters had violated insider-trading laws by the early release of the Thomson Reuters/University of Michigan Survey of Consumers to some subscribers.

The terms of the settlement were not disclosed.

A spokesman for Thomson Reuters declined to comment. Rosenblum's attorney David Stone was not immediately available to comment.

In July, Thomson Reuters suspended its early release of the consumer sentiment data to its high-speed trading clients after New York Attorney General Eric Schneiderman began an investigation and requested the suspension.

The case is Rosenblum v. Thomson Reuters (Markets) LLC, U.S. District Court, Southern District of New York, No. 13-02219. (Reporting by Jennifer Saba in New York; Editing by Grant McCool)


Email This Story to a Friend   |   Display Printable Version of This Story

Story Copyright © 1999-2014 Reuters HedgeWorld All rights reserved.

HedgeWorld News is sponsored by:






Lipper    Privacy   User Policy  Legal Disclosure Copyright/DMCA  Site Map    FAQ    Glossary  Thomson Reuters for Hedge Funds
All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of HedgeWorld content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. HedgeWorld is a registered trademark of Thomson Reuters.