Nasdaq Market Makers Antitrust Litigation Explained

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.^[1] Litigation took nearly four years and was eventually settled for $1.027 billion, which was the largest antitrust recovery up to that point.^[2]

See also

• Electronic communication network
• List of class action lawsuits

Notes and References

1. Web site: Justice Department Charges 24 Major NASDAQ Securities Firms with Fixing Transaction Costs for Investors . 1996 . United States Department of Justice . 2007-04-17.
2. 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.