The settlement is in addition to the $33.3m awarded to the broker last year
Interdealer broker Tullett Prebon
confirmed Tuesday that rival US broker BGC Partners will pay
$100m to the company to settle litigation after a raid on
Tullett’s business by the broker in the
second-half of 2009.
Tullett’s action against BGC
alleged racketeering and unfair competition, as well as
"misappropriation of confidential information and trade
secrets, and tortious interference".
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