Jane Street Sues Millennium Management over Alleged Theft of Confidential Trading Strategy

Pieter Gunst01 mins

Trading firm Jane Street Group LLC has filed a lawsuit against rival Millennium Management LLC and two of its former employees in New York’s federal court. Jane Street alleges that they stole a confidential trading strategy, leading to the defendants reaping considerable profits as a consequence of this alleged theft. The two former employees, who aren’t named in the initial reports, are said to have been instrumental in this.Further details can be found on Law360.