Judge To Telerate: You Can't Dump Patriot MBS Service


Market Data Corp. (MDC), the data distribution unit of Cantor Fitzgerald L.P., has beaten Dow Jones Telerate in court, winning an injunction that prevents Telerate from dropping MDC's Patriot mortgage-backed securities pricing service. However, in its decision, the court emphasized that it was interpreting the case on narrow grounds -- giving greater emphasis to one of several agreements that were introduced as evidence -- a fact that suggests more litigation could follow.

As a result -- tho

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