Result of American Arbitration
March 22 2012 - 4:30AM
UK Regulatory
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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