Last checked at 22 Mar 2012 08:30
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:InvestorsNigel SzembelTullett Prebon plc+44(0)20 7200 7722nszembel@tullettprebon.com MediaCharlotte KirkhamM:Communications+44 (0)20 7920 2331kirkham@mcomgroup.com
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