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LSEG ‘acted in bad faith’ in MayStreet acquisition, new court filing alleges

Lawyers for Patrick Flannery have responded to LSEG’s motions to dismiss the suit for fraud and breach of contract related to the 2022 acquisition.

Gavel against a trading screen

MayStreet co-founder Patrick Flannery’s lawsuit alleging fraud and breach of contract by London Stock Exchange Group should move forward, lawyers for the former argue in a new court filing. 

The new document, made public last week, argues the business plan agreed to by MayStreet and LSEG when the exchange group bought the data vendor in 2022 provides the proper legal basis for the case to proceed. LSEG has previously argued that it did not breach the contract and asked for the case to be

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