MDC Sues Telerate Over Distribution Of Patriot MBS Data
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Market Data Corp. -- the data distribution adjunct of Cantor Fitzgerald L.P. -- sued for and won a restraining order against Dow Jones Telerate barring Telerate from dropping MDC's Patriot mortgage-backed securities pricing service.
The suit was filed Sept. 29, the day before Telerate planned to discontinue carrying the Patriot MBS service. Telerate's termination notice to MDC said that carrying the service was causing Telerate to lose some $2 million a year. Telerate and MDC officials decline
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