UBS, Bloomberg Strike Deal To End Data Misuse Row

Law360 (September 30, 2020, 10:41 PM EDT) -- UBS AG and Bloomberg Finance LP told a New York federal judge Wednesday that they've reached an undisclosed settlement to end competing contract claims over whether the bank breached licensing deals with Bloomberg by improperly redistributing proprietary financial market data.  

In a joint letter, the companies said they "have reached an agreement to resolve their dispute, and will be filing a stipulation of voluntary discontinuance together with this letter."

The terms of the settlement were not included in the filing, and counsel for the parties did not immediately respond to requests for comment.

UBS and Bloomberg began contracting with each other...

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