The legal backlash has already begun. On Tuesday, Maryland investor Phillip Goldberg sued the stock exchange in federal court in New York, accusing it of failing to timely execute trades, causing him and others to lose money. The suit seeks class-action status.
Date: May 23, 2012
Category: Business
Source: Google
Facebook IPO 'Frenzy' Builds as Regulators Review Launch
Phillip Goldberg, a Maryland investor, sued Nasdaqyesterday to claim that the stock exchange badly mishandledFacebook trading, failing to cancel orders when requested bycustomers. In a complaint filed in federal court in Manhattan,Goldberg said that he tried to both order and cancel requestsf
Date: May 23, 2012
Source: Google
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