Jump to content

Nasdaq Market Makers Antitrust Litigation

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Srich32977 (talk | contribs) at 04:28, 22 August 2013 (no decision, so it cannot be "case law"). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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][failed verification]

See also

References

  1. ^ "JUSTICE DEPARTMENT CHARGES 24 MAJOR NASDAQ SECURITIES FIRMS WITH FIXING TRANSACTION COSTS FOR INVESTORS". United States Department of Justice. 1996. Retrieved 2007-04-17.
Stub icon

This article relating to case law in the United States or its constituent jurisdictions is a stub. You can help Wikipedia by expanding it.

Retrieved from "https://en.wikipedia.org/w/index.php?title=Nasdaq_Market_Makers_Antitrust_Litigation&oldid=569674812"