Reuters Faces Charges On D2000-2 Promises Officers Charged With Securities Fraud
TECHNOLOGY
Attorneys for Reuters Holdings PLC are scheduled to respond next week to a class action complaint accusing the company and several of its officers and employees of securities fraud and negligent misrepresentation under the provisions of the Securities Exchange Act of 1934. The complaint alleges that Reuters misled investors about its future revenue growth by misrepresenting the contribution from Dealing 2000-2, an automated order-matching system for foreign exchange traders.
A Reuters spokesman
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