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Result of American Arbitration

Date : 03/22/2012 @ 4:30AM
Source : UK Regulatory (RNS & others)
Stock : Tullett Prebon (TLPR)
Quote : 304.6  4.7 (1.57%) @ 11:35AM
Tullett Prebon share price Chart

Result of American Arbitration


 
TIDMTLPR 
 
22 March 2012 
 
 
 
                              Tullett Prebon plc 
 
  Result of Arbitration Tribunal of the American Arbitration Association, New 
                              York, New York, USA 
 
 
 
TullettPrebon plc (the "Company") yesterday 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 Market Data and 
certain of its affiliates ("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 $0.8 million plus 
interest at the statutory rate from 1 January 2010. BGC's application for 
reasonable attorneys' fees and costs was denied. 
 
ENDS 
 
 
 
Enquiries: 
 
Investors 
 
Nigel Szembel 
Tullett Prebon plc 
+44(0)20 7200 7722 
nszembel@tullettprebon.com 
 
 
 
Media 
 
Charlotte Kirkham 
M:Communications 
+44 (0)20 7920 2331 
kirkham@mcomgroup.com 
 
 
 
 
END 
 

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