Thomson Reuters and ex-employee settle lawsuit

Plaintiff Mark Rosenblum sued the company, saying he lost his job after complaining about how it distributed data.

Rosenblum said he was fired in retaliation for telling the Federal Bureau of Investigation that he believed Thomson Reuters had violated insider-trading laws by the early release of the Thomson Reuters/University of Michigan Survey of Consumers to some subscribers.

Terms of the settlement were not disclosed. A spokesman for Thomson Reuters declined to comment.

In July, Thomson Reuters suspended its early release of the consumer sentiment data to its high-speed trading clients after New York Attorney General Eric Schneiderman began an investigation and requested the suspension. ■