sobota, 1 listopada 2014

UBS cannot arbitrate vs Nasdaq over Facebook IPO: court

The falling price of Facebook's stock is seen on a screen reflected in the window of the Nasdaq building in New York By Jonathan Stempel NEW YORK (Reuters) - A divided U.S. appeals court rejected UBS AG's bid to force Nasdaq OMX Group Inc to arbitrate a dispute over the exchange operator's alleged "catastrophic mismanagement" of Facebook Inc's $16 billion initial public offering. The 2nd U.S. Circuit Court of Appeals in New York on Friday said UBS' agreement with Nasdaq to help make a market for Facebook shares did not entitle the Swiss bank to arbitration, in its effort to recoup more than $350 million of losses. ...








via Tech News Headlines - Yahoo News http://ift.tt/1ucQ6gr

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