Tullett Prebon Plc (TLPR) - Litigation update RNS Number : 9879Q Tullett Prebon PLC 13 November 2012 Tullett Prebon plc (the "Company") Litigation Update On 22 March 2012 the Company announced that it had submitted a motion to the New York Court to confirm the arbitral award made by a tribunal of the American Arbitration Association in connection with claims by BGC that the Company's information sales subsidiary misused certain market data it was being supplied under a redistribution agreement. The arbitrator's award is that the Company should pay BGC $0.8m plus interest at the statutory rate from 1 January 2010. BGC's application for reasonable attorney's fees and costs was denied. In response to the Company's motion, BGC cross moved seeking to vacate the arbitrator's award. The Company announces today that the New York Court has granted the Company's motion to confirm the award and that BGC's motion to vacate the award has been denied. Enquiries: Nigel Szembel, Head of Communications, Tullett Prebon plc Direct: +44 (0)20 7200 7722 This information is provided by RNS The company news service from the London Stock Exchange END MSCBXLFFLFFBFBX -0- Nov/13/2012 11:00 GMT
Tullett Prebon Plc TLPR Litigation update
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