S&P Offers To Cap Licensing Fees To Settle EU Probe

Law360, New York (May 16, 2011, 1:22 PM EDT) -- Standard & Poor's Financial Services LLC has offered to cap the licensing fees for its securities identification numbers, the European Union's competition chief said Monday as he urged Thomson Reuters Corp. to likewise work to settle its own antitrust case.

More than two years after the European Commission first began investigating S&P, the McGraw-Hill Cos. Inc. unit said it would change its pricing policy for use of its International Securities Identification Numbers in Europe.

S&P issues the numbers in the U.S. and then charges European financial...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.