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TNS HOLDINGS, INC. v. MKI SEC. CORP.

243 A.D.2d 297 (1997)

663 N.Y.S.2d 144

TNS Holdings, Inc., et al., Respondents, v. MKI Securities Corp. et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

October 14, 1997

Between 1992 and 1993, plaintiff TNS Holdings, Inc. ("TNS"), formerly known as "Tradenet, Inc.," negotiated with defendant MKI Securities Corp. ("MKI") for the sale of TNS's primary asset, a software system designed to provide on-line trading information to bond brokers known as "Tradenet." MKI, a stock and bond brokerage firm with its main offices in New York City, is a wholly owned subsidiary of defendant MAI, PLC ("MAI"), an international financial, media and information...

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