Date Set for Famanet-Thomson Reuters Lawsuit
The Nicosia District Court has set Nov. 22 as the date to hear a lawsuit brought against Thomson Reuters by Cyprus-based market data sales and support company Famanet, alleging that Reuters unlawfully terminated its contract as a Telerate sales agent (IMD, Jan. 23, 2006).
The legal battle has been drawn out over almost five years. Reuters originally argued that the case should be heard in New York, in accordance with terms specified in its contract, although Famanet's lawyers - Georgiades &
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