Press Releases
28 Sep 07
Court of Appeals Grants Stay to i-Deal & Thomson
New York - September 28, 2007 - Ipreo, parent company to i-Deal LLC, announced today that the United States Court of Appeals for the Federal Circuit has granted a stay of the injunction ruling in the MuniAuction patent litigation, allowing i-Deal to continue to operate and service its Parity® electronic bid submission software, pending conclusion of the appeal case.
According to the official court order, the Court of Appeals has concluded "that there is a strong likelihood of success on the merits of [i-Deal's/Thomson's] appeal and that a stay is warranted."
"We are extremely pleased that the court has recognized the validity of our case by indicating the likelihood of success on the merits," said Scott Ganeles, CEO of Ipreo. "We've always believed in the soundness of our position, and this ruling further strengthens our confidence in the ultimate success of our appeal."
"The i-Deal team has been appreciative of the support and loyalty our customers have shown throughout this process," added Allen Williams, Managing Director and EVP of Capital Markets for Ipreo. "This stay will allow us to continue to service our clients with the industry-standard solution that the marketplace relies upon for new issuance every day."
About Ipreo
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. From new issuance through ongoing investor management, our unique solutions drive connectivity and efficiency throughout all stages of the capital-raising process. Ipreo is a KKR portfolio company with more than 600 employees supporting clients in every major financial center around the world. For more information, please go to www.ipreo.com.
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Press Contacts:
- For Ipreo
- Kate McKay
- Managing Director, Global Marketing & Communications
- 212.849.5060
