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To: snookcity who wrote (7501)4/28/2009 4:46:20 PM
From: Sr K  Read Replies (2) | Respond to of 20435
 
Nasdaq Will Let Stand Dendreon Trades Under Review (Update1)

By Edgar Ortega

April 28 (Bloomberg) -- The Nasdaq Stock Market will let stand two minutes’ worth of transactions in Dendreon Corp. that it initially suspected were the result of a brokerage error.

Dendreon shares plunged as much as 69 percent between 1:25 p.m. and 1:27 p.m., when Nasdaq halted trading in the stock. The transactions were reviewed under a rule that lets the exchange cancel orders executed as a result of a “clearly erroneous” brokerage error.

bloomberg.com