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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: HammerHead who wrote (28329)	12/19/1997 6:26:00 AM
From: Glenn D. Rudolph	Respond to of 61433

Nasdaq Dealers Weigh Settlement of $900 Million By DEBORAH LOHSE, SCOT J. PALTROW and PATRICK MCGEEHAN Staff Reporters of THE WALL STREET JOURNAL NEW YORK -- More than two dozen Nasdaq dealers are in talks to reach a $900 million settlement with investors in a class-action lawsuit alleging that the firms rigged prices in past years on the Nasdaq Stock Market, according to people familiar with the matter. At the same time, the Securities and Exchange Commission is preparing civil charges against dozens of traders in its own investigation of alleged price manipulation in the past on Nasdaq, according to people familiar with the SEC probe. The possible class-action settlement -- which would bring the total settlements agreed to by Wall Street firms to $1 billion, one of the largest civil-antitrust payouts in history -- arises from a highly publicized lawsuit filed in U.S. District Court in Manhattan in 1994 against 37 firms, including giants Merrill Lynch & Co.; Goldman, Sachs & Co.; Bear Stearns Cos.; and the firm then known as Smith Barney Inc., which is now the Salomon Smith Barney unit of Travelers Group Inc. ------------------------------------------------------------------------