Nasdaq OMX Group Inc. plans to pay out $62 million in cash to firms that lost money in Facebook Inc.’s bungled initial public offering in May, modifying an earlier plan that drew intense criticism from market makers and other exchanges. …
Nasdaq OMX Group Inc. said it will offer cash and rebates totaling $40 million to compensate clients affected by the problems with Facebook Inc.’s initial public offering, an amount well short of the losses claimed by top market makers for …
Claims by four of Wall Street’s main market makers against Nasdaq over Facebook’s botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed …
