NY State Court Dismisses Alleged Whistleblower And Other Claims Against TradingScreen

NEW YORK, Sept. 17, 2012 /PRNewswire/ -- On September 14, 2012, Judge Anil C. Singh of the Supreme Court of the State of New York, New York County, dismissed claims against TradingScreen Inc. and its Chief Executive Officer Philippe Buhannic asserted by Patrick Egan, a former employee of the company, alleging violation of the Delaware Whistleblowers' Protection Act and wrongful termination of Mr. Egan. All that remains in the suit are portions of claims relating to certain alleged severance compensation to which the company has stated unequivocally that Mr. Egan is not entitled.

As previously reported, on September 12, 2011, the United States District Court for the Southern District of New York also dismissed with prejudice similar claims against TradingScreen and Mr. Buhannic that had been asserted by Mr. Egan. Now, with this most recent New York State Supreme Court decision, both federal and state courts in New York have determined that Mr. Egan's allegations of unlawful conduct are baseless.  

About TradingScreen
TradingScreen is the leading independent provider of liquidity, trading and investment technology via SaaS to the financial community. TradingScreen's goal is to simplify the complexity of markets, by consolidating all investment workflows for exchange-traded and OTC instruments on a single platform. TradingScreen brings the major, global sell-side participants, leading regional brokers and the largest Buy side firms to a common environment, delivering market access, order- and liquidity-management and Investment services. The benefit to clients is an exceptional reach across counterparties, asset classes, and geography, and a full integration of services front to back. TradingScreen was named best buy-side trading system in the most recent Financial News Awards for Excellence in Trading and Technology. TradingScreen provides global coverage from offices in Chicago, Geneva, Hong Kong, London, New York, Paris, Sao Paulo, Singapore, Sydney and Tokyo. For more information on TradingScreen, go to http://www.tradingscreen.com

Contact: Caitlin Mitchell, +1-646-395-6300, [email protected]

SOURCE TradingScreen