SunGard, Algo in Legal Battle
SPECIAL REPORT
WAYNE, Pa.--In a bizarre twist last week, SunGard responded to legal action by Algorithmics regarding its alleged use of Algorithmics’ confidential information, by claiming its Canadian rival has used confidential information belonging to SunGard.
"SunGard has sought a reciprocal response from Algorithmics regarding its use of SunGard confidential information that it alleges that Algorithmics obtained in similar circumstances," the Wayne, Pa.-based trading, risk and services vendor declared in a
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