Markit Group Ltd., a provider of data on bonds and credit-default swaps, sued two former employees in Singapore, claiming they breached their employment contracts and misused the firm’s confidential information.
Zhibo Li and Shiyang Cui “systemically and deliberately siphoned off” Markit’s proprietary information to set up rival Fundamentrix Pte, according to a lawsuit filed with the Singapore High Court earlier this month. Full story
