From a legal and procedural standpoint, TT's suit against
Espeed is at the beginning of a long legal road that could take
one and a half to three years, depending on the complexity of
the case. At this juncture, no preliminary injunctions have
been granted to stop Espeed from using its trading software
immediately. Experts said courts rarely grant such requests in
With its complaint filed on 12 August, the next probable
step is to take the case forward to the discovery phase,
whereby both sides gather information over a 12- to 18-month
period. This will help determine who did what and when
regarding the technology in question.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.