Moneymatch Founder Scala Sues Reuters, Sequor For $1 Billion
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Tim Scala, founder and chief architect of the MoneyMatch Eurodollar deposit order-matching system once owned by Security Pacific's Sequor Group Inc. and now owned by Reuters, is suing the two companies for $1.003 billion. Plus legal fees and expenses.
Among a host of other charges, Scala claims that Reuters bought MoneyMatch to prevent it from competing with the vendor's own order-matching systems. He further says that Reuters never intended to bring MoneyMatch to completion, but instead has
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