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 nearly four years and was eventually settled for $1.027 billion, which was the largest antitrust recovery up to that point.
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.
- Arthur M. Kaplan (2001). "Antirust as a Public-Private Partnership: A Case Study of the NASDAQ Litigation". Case Western Reserve Law Review. 52 (1): 111–112.
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