The Cusip lawsuit: A love story

With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.

For those hoping for a swift resolution to the ongoing lawsuit centered on the Cusip numbering system, life is full of disappointments.

After federal judge Katherine Polk Failla published her opinion and order that the case be allowed to proceed based on antitrust concerns, the three defendant firms—S&P Global, FactSet (and its acquired subsidiary, Cusip Global Services), and the American Bankers Association—each defended their positions in three separate filings through the Southern District

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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