We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

NASD, NYSE Sued Over Merger

Law360 (March 9, 2007, 12:00 AM EST) -- A California company filed a proposed class action Thursday against the National Association of Securities Dealers Inc. and NYSE Group Inc. in an attempt to block the creation of a new self-regulatory organization.

In a complaint filed in the U.S. District Court for the Southern District of New York, Standard Investment Chartered Inc., a NASD member, sought an injunction to stop the regulatory consolidation, claiming the terms of the agreement disenfranchised NASD members.

Standard’s complaint said that the proxy sent to NASD members explaining the consolidation...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.