Nymex in $23m court battle with ex-employee

Kai Neumann, a former New York Mercantile Exchange (Nymex) employee is suing the exchange for over $23m in New York State Supreme Court as part of a legal battle over disputed software.

As reported in FO Week in October, Neumann, who was a senior member of the Nymex IT team, left the exchange in the run up to the planned migration of Nymex's electronic trading from Access...