Judge Keeps Alive Opulent Case Against Nasdaq

Law360, New York (October 15, 2007, 12:00 AM EDT) -- The Nasdaq Stock Market Inc. and a private equity fund have split a decision in a case that pits the two against each other over the alleged misreporting of base stock prices, with a district court judge refusing to grant Nasdaq's motion to dismiss and also refusing to send the case back to state court.

In a decision issued on Friday, Judge Ronald M. Whyte of the U.S. District Court for the Northern District of California ruled against both Nasdaq's motion to dismiss and private equity...
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