Nasdaq Dodges $3.9M Antitrust Fine In Swedish Court
Law360, New York (January 16, 2018, 7:06 PM EST) -- A Swedish court on Monday rejected an attempt by the country's competition watchdog to fine several Nasdaq OMX Group Inc. units about $3.9 million for abusing their dominance.
The Swedish Competition Authority had lodged a case against three Nasdaq OMX units in 2015, accusing the companies of illegally blocking a rival trading platform from gaining access to a key data storage center where the matching engine for the group's Nordic exchanges is based.
But Sweden's patent and market court ruled Monday that Nasdaq had not abused its dominant position by pressuring Verizon Sweden AB to keep a rival trading platform called...
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