In re NASDAQ Market-Makers Antitrust Investigation Litigation, 94 CIV 3996; M.D.L. No. 1023 (S.D.N.Y. 1997); 169 F.R.D. 493 (S.D.N.Y. 1996)
Although suit was never filed, the Plaintiff States informally participated in a federal private class action seeking treble damages, reimbursement of costs, attorneys fees and injunctive relief, alleging that the defendant financial investment companies conspired to increase and fix the ?spreads? paid for sales of class securities. The Plaintiff States? focus was to ensure that individual investors and public pension funds were fairly represented in the litigation and settlement.