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Electronic Trader Sues To Keep Access To Hibernia Cable

Law360, Washington (November 27, 2017, 9:02 PM EST) -- A company recently acquired by electronic trading firm Virtu Financial has filed suit in New York federal court to block telecom Hibernia from shutting off its access to a high-speed transatlantic cable it uses for its trading operations, accusing Hibernia of retaliation for an unrelated contract dispute.

Delaware-based Global Colocation Services LLC asked the court for a temporary restraining order and preliminary injunction that would ensure its access to the cable while the firms hash out the dispute in arbitration proceedings.

“Hibernia’s threats to shut off...
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