Exchanges Want Another 2nd Circ. Look At 'Flash Boys' Suits

Law360 (June 18, 2019, 10:30 PM EDT) -- A group of seven major U.S. stock exchanges are hoping the Second Circuit will take a second look at a consolidated group of class actions inspired by the high-frequency trading exposé "Flash Boys" that recently survived a dismissal bid.

Exchanges including Bats Global Markets Inc. and Nasdaq Stock Market LLC asked a New York federal judge on Monday to certify for appeal his recent denial of a renewed motion to toss litigation accusing them of helping high-frequency traders gain an unfair advantage in the marketplace.

U.S. District Judge Jesse M. Furman said in May that investors who brought claims in the...

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