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][failed verification]
See also
References
- ^ "JUSTICE DEPARTMENT CHARGES 24 MAJOR NASDAQ SECURITIES FIRMS WITH FIXING TRANSACTION COSTS FOR INVESTORS". United States Department of Justice. 1996. Retrieved 2007-04-17.
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