Law360, New York (July 20, 2012, 10:39 PM ET) -- The Nasdaq OMX Group Inc., which has been pilloried by investors over a technical glitch that had delayed Facebook Inc.'s May 18 initial public offering, said Thursday that it would boost to $62 million its allotment for resolving investors' claims.
After facing criticism from NYSE Euronext, among others, over its initial plan, Nasdaq said it would increase from $40 million to $62 million its proposed payout to investors and modify its initial plan to pay accommodations in cash instead of in trading credits as proposed earlier....
Nasdaq Allots $62M To Quell Investors' Facebook IPO Claims
To view the full article, take a free trial now.
