Reuters in strong denial of fraud claim

REUTERS yesterday rejected as "completely without foundation" fraud claims made by a Swiss software house in a New York lawsuit.

In a statement, Reuters said it received confirmation late on Wednesday of the suit filed by All-Media-Typlan AG in the US District Court against Reuters Ltd and Reuters America Inc.

"The dispute simply involves the interpretation of a complex contractual situation, which has no substantive connection to Reuters America Inc or the United States," Reuters said.

News of the dispute comes just weeks after it emerged that a federal grand jury was investigating whether a unit of Reuters had stolen information from Bloomberg.

It said the dispute involves two Typlan contracts, one with Reuters Ltd, a UK corporation, which is governed by English law, and one with Reuters SA, a Swiss Corporation, which is governed by Swiss law.