S&P Responds To Lynch Jones Suit, Asks Court To Dismiss Complaint
RESEARCH DELIVERY
McGraw-Hill and Standard & Poor's have filed a motion to dismiss a complaint filed by Lynch Jones & Ryan concerning S&P MMS' reporting of the brokerage firm's data.
The original suit, filed in New York State Supreme Court (ITT, October 3), and the motion to dismiss it involve the LJR Redbook index, a weekly analysis of the level of sales activity in the retail industry. Lynch Jones distributes the averages to paid subscribers every Tuesday at 2:05 p.m. The brokerage firm then releases the
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