13 Nov 2012 11:00

Tullett Prebon plc (the "Company")
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Litigation Update
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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.
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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.
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Enquiries:
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Nigel Szembel, Head of Communications, Tullett Prebon plc
Direct: +44 (0)20 7200 7722
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