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August 2, 2012 12:05 am

Swiss Bank Threatens to Sue NASDAQ Over Facebook IPO


jfruh writes "On the day of the Facebook IPO, the NASDAQ's trading systems suffered multiple failures and couldn't confirm buy orders for several hours. Big banks buying shares for their funds and customers placed multiple orders as a result, and bought more Facebook stock than they intended to as a result. NASDAQ has agreed to set up a fund to compensate them for their losses, but apparently this isn't enough for Swiss bank UBS, which is threatening legal action."

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/gjW8EVadOGU/swiss-bank-threatens-to-sue-nasdaq-over-facebook-ipo

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