Trading

Jury sides with high-speed trading firm Quantlab

Houston-based firm wins $12.2 million in damages tied to stolen code

A Houston-based high-frequency trading firm won a six-year civil lawsuit against a former employee and a businessman it accused of stealing code.

A jury awarded Quantlab Financial $12.2 million in damages from Andriy Kuharsky and Emmanuel Mamalakis, according to court documents. Both defendants said they would appeal the decision.

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