Tuesday, January 16, 2007

NYSE Member Suits Move Forward

The WSJ reports today that New York State Supreme Court Justice Ramos has ruled that former NYSE members can continue their suit over what they contend were misleading statements made by the Exchange and Mr. Thain in the months leading up to the announcement of the merger with Archipelago.

There was some interesting speculation in the industry about those disclosures, and the profits made by some seat holders prior to the merger - we commented on some of those rumors here and here.
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