Nasdaq Market Makers Antitrust Litigation
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Nasdaq Market-Makers Antitrust Litigation - class-action lawsuit initiated in 1996 alleging collusion amongst Wall Street traders. The class action alleged that NASDAQ market-makers set and maintained wide spreads pursuant to an industry-wide conspiracy. Litigation took 3.5 years and was eventually settled for $1 billion, which was the largest antitrust settlement up to that point.[1][not in citation given]
[edit] See also
[edit] References
- ^ "JUSTICE DEPARTMENT CHARGES 24 MAJOR NASDAQ SECURITIES FIRMS WITH FIXING TRANSACTION COSTS FOR INVESTORS". United States Department of Justice. 1996. http://www.usdoj.gov/opa/pr/1996/July96/343-at.html. Retrieved 2007-04-17.
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