Knight Capital backs Nasdaq's Facebook payback, but not 100%

08/30/2012 | Reuters · Financial Times

Knight Capital Group has agreed to Nasdaq OMX Group's plan to pay $62 million to firms that incurred losses because of technical glitches surrounding the Facebook initial public offering -- except for one part. Knight is not behind the notion of waiving the right to sue Nasdaq. Brokerages and market-making companies say they lost in the neighborhood of $500 million in the social network's IPO.

View Full Article in:

Reuters · Financial Times

Published in Briefs: