$1Bil Nasdaq Market-Makers Antitrust Litigation Award! Message Board

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Pastimes : $1Bil Nasdaq Market-Makers Antitrust Litigation Award!

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To: brad heffler who wrote (18)	7/2/1999 3:40:00 PM
From: Elmer Flugum	Read Replies (1) of 26

Quote from WSJ, July 2, 1999: How much will I get? "One rough estimate puts the amount investors lost due to price-fixing at two cents per share traded. But what you gt will depend not only on the number of shares you traded but, more important, on how many other claimants file. Big institutional investors might get seven-figure checks. But small investors, meanwhile, likely will get special treatment because institutional customers usually got better prices. Non-institutional claims will be weighted by a factor of 1.5, meaning that if you traded 100 shares during the period, you'll be paid as if you traded 150. (Institutions, by contrast, would be paid only based on 100.) Even lawyers organizing the process don't know how many of the more than one million eligible investors will actually file. But in the end, the entire amount of the fund after fees and expenses will be divided among all eligible claimants, meaning that if only two claimants send in their forms, they'll split the whole fund between them according to the number of eligible shares they each traded. That of course, isn't a likely scenario."

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