A former Thomson Reuters employee filed a lawsuit claiming he was fired for telling the FBI that the company’s “tiered release” of a consumer survey violated insider-trading laws.
David Glovin of Bloomberg News writes, “Mark Rosenblum said in his complaint, filed today in Manhattan federal court, that he was fired on Aug. 3, soon after complaining to U.S. authorities that the company gave some customers an advantage by releasing the Thomson Reuters/University of Michigan Surveys of Consumers to them first. He said he told company executives about his complaint to the federal agents.
“‘Mere weeks after the report, Rosenblum’s employment with Thomson was terminated with no severance,’ the plaintiff, a former redistribution specialist selling financial data, said in his complaint.
“Rosenblum, who lives in New Jersey, is seeking unspecified damages for alleged violations of a U.S. whistle-blower law.
“‘We believe the accusations from the complaint against Thomson Reuters to be unsubstantiated and without merit,’ Alan Duerden, a spokesman for New York-based Thomson Reuters, said in an e-mailed statement.”
Read more here.
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