Business · 1 hour ago

London Stock Exchange Group sued for £131m in fraud lawsuit

A US judge has allowed a former CEO's fraud and breach of contract lawsuit against the London Stock Exchange Group (LSEG) to proceed. Patrick Flannery, ex-chief executive of Maystreet, claims LSEG failed to integrate data feeds into Maystreet's products after acquiring it in 2022. The alleged failure meant Maystreet missed revenue targets, costing executives a potential £131m in payouts.

By BriefTea Editorial · 20 October 2026 at 18:44

Reported by City AM · How we write briefs

Get the app

More briefs

BusinessApple to see UK crackdown on iPhone contactless payment fees BusinessRyanair boss warns of biggest ever European flight price hike BusinessThames Water creditors name Labour peer John Hutton as chair for proposed rescue BusinessMillions of Revolut and Lloyds customers hit by major outage BusinessElizabeth Holmes Documentary Takes $15m in Biggest Opening in 20 Years BusinessMortgage Deals Vanishing at Fastest Rate on Record More business stories → Browse all stories →