Pont Data's On-Again, Off-Again Bailout Mired By Intramural Legal Squabbling


After weeks of speculation about its ability to survive, Pont Data Co. of Jersey City, N.J., is caught in a legal dispute with its London head office, Pont Data Ltd. The conflict has interrupted the data vendor's efforts to negotiate a deal with a consortium of buyers and save itself from extinction -- and in the process drawn attention to a corporate saga of fascinating proportions.

Mounting pressure from Pont's creditors in the U.S. -- in particular, the exchanges and other contributors to

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