MarkitServ Settles Swap Trading Monopoly Suit

Law360, New York (October 18, 2017, 3:38 PM EDT) -- Interest rate swap trading company MarkitServ Ltd. has settled allegations it has a monopoly on the processing service industry brought by financial technology company TrueEx LLC, according to a filing in New York federal court Tuesday.

According to the filing by both parties' counsel, London-based MarkitServ, which is a subsidiary of IHS Markit Ltd., and TrueEx LLC have agreed on the terms of a settlement in the antitrust suit brought against the interest rate swap trading company. The lawsuit will be stayed as both parties convert the term sheet into an official settlement. No details of the deal were available at...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!