SS&C Ducks More Antitrust Claims Over Geneva Accounting Software

SS&C Technologies Holdings Inc. dodged federal antitrust claims in Manhattan over its alleged scheme to cut off rivals from industry-leading hedge fund management software it acquired, about five months after a federal judge in Philadelphia threw out a similar lawsuit.

Judge Mary Kay Vyskocil dismissed a lawsuit by Arcesium LLC, rejecting allegations that SS&C effectively stopped doing business with a rival for unlawful reasons by insisting on prohibitive terms during talks over renewing Arcesium’s license to use its Geneva accounting platform.

“Plaintiff’s ‘refusal to deal’ simply is an unconsummated offer from defendants (the creator of copyrighted software) to contract ...