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I. Rabin v. NASDAQ OMX PHLX, et al
Case Number:
16-2511
Court:
Nature of Suit:
3850 Securities, Commodities, Exchange
Companies
Sectors & Industries:
-
October 25, 2017
3rd Circ. Nixes Securities Suit Against Pa. Stock Exchanges
The Third Circuit on Wednesday dismissed an investor's suit alleging certain Philadelphia Stock Exchange investor groups' trading strategies had deprived other investors of Pfizer Inc. dividends, saying alleged threats to the general "integrity of the market" are not sufficient basis for a claim.
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October 03, 2017
'Market Makers' Manipulated Pfizer Trades, 3rd Circ. Told
An investor who accused certain Philadelphia Stock Exchange investor groups of using a sophisticated trading strategy to deprive other investors of Pfizer Inc. dividends on Tuesday urged the Third Circuit to revive his securities class action, arguing that investors rely upon on a bona fide market, free of manipulation.