NASDAQ to Settle with Investors Tomorrow over Facebook IPO

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino is reporting that NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) is going to announce a settlement with investors who lost money on the Facebook Inc (NASDAQ:FB) IPO tomorrow. Sources tell Gasparino “they are going to pay more than the $13 million” and “maybe as high as $30 million.”

Sources are telling FOX Business Network that tomorrow Nasdaq is going to make some sort of announcement on the settlements with some of the market players who said they lost money because Nasdaq flubbed the opening. The speculation is they are going to pay more than the $13 million. We hear maybe as high as $30 million.


We will keep the readers updated once this happens.