Second class-action lawsuit targets Cusip’s ‘monopoly’ on identifiers
Days after a first class-action suit took aim at Cusip, S&P Global, the American Bankers Association, and FactSet, another plaintiff has filed a complaint alleging that the quartet of companies violated the Sherman Antitrust Act, as well as certain business laws in New York and Connecticut.
A second class-action lawsuit was filed against Cusip Global Services (CGS), the American Bankers Association (ABA), S&P Global, and FactSet for alleged violations of the Sherman Antitrust Act and business practice laws in New York and Connecticut, where FactSet is based, as well as breach of contract.
The suit, filed in the Southern District of New York, names Hildene Capital Management, a Connecticut-based asset manager focused on credit, as a plaintiff. Law firm Wollmuth Maher & Deutsch
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