LAWSUITS NEWS & LEGAL INFORMATION
Stock Market Struggle
Vancouver, Canada: (Apr-10-08) TSX Inc. brought a lawsuit against Canadian Trading and Quotation System Inc. in June, 2007, alleging that the company infringed on its intellectual property. Sources close to the case revealed that the two companies agreed to resolve the dispute and have entered into a settlement agreement.
Under the terms of settlement, Canadian Trading and Quotation System Inc. has acknowledged TSX's ownership and intellectual property rights in the core considerations of the dispute. Further, TSX agreed to grant commercial licenses to Pure Trading and its participating vendors and dealers that will enable the continued use of the intellectual property at the heart of the dispute. Both sides refused to reveal the finer terms of the deal, stating that they would have to keep that confidential. [RTT NEWS: TSX, CNQ SETTLE INTELLECTUAL PROPERTY ACTION]
Published on Apr-11-08
Under the terms of settlement, Canadian Trading and Quotation System Inc. has acknowledged TSX's ownership and intellectual property rights in the core considerations of the dispute. Further, TSX agreed to grant commercial licenses to Pure Trading and its participating vendors and dealers that will enable the continued use of the intellectual property at the heart of the dispute. Both sides refused to reveal the finer terms of the deal, stating that they would have to keep that confidential. [
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