08.07.2016, 07:21
S&P Global and SNL Financial LC Reach Amicable Settlement
OREANDA-NEWS. A.M. Best Company, Inc. and S&P Global today announce that they and S&P Global’s recently acquired business unit, SNL Financial LC (“SNL”), which is currently being integrated with the S&P Capital IQ business unit and operated under the S&P Global Market Intelligence brand, have reached an amicable settlement of the copyright infringement lawsuit brought against SNL by A.M. Best.
The settlement agreement, whose specific terms are confidential, fully resolves A.M. Best’s 2011 lawsuit regarding SNL’s inclusion of A.M. Best Credit Ratings and credit rating action announcements in SNL products. As a result of the settlement, A.M. Best has agreed to provide S&P Global and its subscribers, under license agreements with A.M. Best, A.M. Best Credit Ratings and other proprietary content. S&P Global, S&P Global Market Intelligence and SNL recognize and respect the copyrights and other valuable intellectual property rights in credit ratings, including those of A.M. Best.
The settlement agreement, whose specific terms are confidential, fully resolves A.M. Best’s 2011 lawsuit regarding SNL’s inclusion of A.M. Best Credit Ratings and credit rating action announcements in SNL products. As a result of the settlement, A.M. Best has agreed to provide S&P Global and its subscribers, under license agreements with A.M. Best, A.M. Best Credit Ratings and other proprietary content. S&P Global, S&P Global Market Intelligence and SNL recognize and respect the copyrights and other valuable intellectual property rights in credit ratings, including those of A.M. Best.
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