Firms challenging Cusip file new lawsuit alleging antitrust violations, breach of contract
A broker-dealer and two investment managers have filed a new, joint complaint against the quartet of companies associated with management of the Cusip numbering system.
Three financial firms have joined forces to file an amended class-action lawsuit against Cusip Global Services (CGS), S&P Global, FactSet, and the American Bankers Association (ABA), alleging violations of US antitrust laws, breach of contract, and violations of New York and Connecticut unfair business practice statutes, after a federal judge in the Southern District of New York last month ordered two previously competing civil suits brought by the firms against Cusip be consolidated.
New York
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