S3 Partners sues Ion’s Fidessa for breach of contract
The New York-based market data company has filed a complaint against Fidessa for failing to honor its agreement to invest up to $6.25 million into the business.
S3 Partners, a data and research company that provides real-time short interest analytics to hedge funds and financial institutions, has filed a complaint against Ion Group-owned Fidessa for breaching a contractual obligation to invest $6.25 million into S3, as part of an investment agreement that the pair entered in August 2021.
According to the complaint, which was filed this morning in New York State’s Supreme Court, Ion’s founder and Fidessa’s control person, Andrea Pignataro, as well as
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