Manipulating the Market: Major Players Received Data Earlier

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Rolling Stone - Matt Taibbi, 9/05/13

16 Major Firms May Have Received
Early Data From Thomson Reuters

The Thomson Reuters headquarters building in New York City.
The Thomson Reuters headquarters building in New York City.
Jb Reed/Bloomberg via Getty Images
 

Rosenblum learned that his employers at Thomson Reuters, who had a contract with the University of Michigan to release the data, were releasing the data in three "tiers."

 

This is all spelled out explicitly in the contract between Thomson Reuters and the University of Michigan, an excerpt of which was ultimately included as an exhibit in Rosenblum's wrongful termination suit:

 

 
 

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