Media
Company Overview of Bloomberg L.P.
Company Overview
731 Lexington Avenue
New York, NY 10022
United States
Founded in 1981
Key Executives for Bloomberg L.P.
Bloomberg L.P. Key Developments
Bloomberg L.P. announced the appointment of Samuel J. Palmisano, the former Chairman and CEO of IBM, to serve as an independent adviser regarding the company's privacy and data standards. Mr. Palmisano will immediately undertake a review of the company's current practices and policies for client data and end user information, including a review of access issues recently raised by the company's clients. In addition, Mr. Palmisano will make recommendations and advise on the implementation of any enhancements to these practices and policies, including the independent verification of the company's systems and procedures. Mr. Palmisano will report to Bloomberg's Board of Directors. To assist Mr. Palmisano and the company in the review of data and privacy issues, the formulation of recommendations, and the implementation of any recommended enhancements, the Board has hired Hogan Lovells and the Promontory Financial Group. Additional expertise will be retained as necessary.
Bloomberg LP has announced that it created new client-data compliance officer and appointed Steve Ross to oversee data security issues.
Marathon Patent Group, Inc. announced that its subsidiary Relay IP has filed patent infringement lawsuits in the United States District Court for the District of Delaware against Sprint Nextel Corporation, Juniper Networks, Cisco Systems, Bloomberg L.P., Hitachi Cable America, D-Link Corporation, Avaya, Hewlett-Packard Company, Enterasys Networks, Extreme Networks, TIBCO Software, BT Group, SAVVIS Inc., Zhone Technologies, Huawei Technologies, Allied Telesis, and Adtran (the "Defendants"). Relay is asserting infringement related to U.S. Patent number 5,331,637, entitled Multicast Routing Using Core Based Trees. The lawsuit alleges that the Defendants have infringed, and continue to infringe, the claims of the patent in suit by using the accused IP Multicast systems and methods covered by the claims of the Relay patent.
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