Legal Opinion

NASDAQ OMX Group, Inc. v. UBS Securities, LLC

Court of Appeals for the Second Circuit

Decided October 31, 2014No. Docket 13-2657-cvPublishedCited by 114 opinions

1Opinion of the Court

Judge STRAUB dissents in a separate opinion.

REENA RAGGI, Circuit Judge:

On May 18, 2012, plaintiffs, the NASDAQ OMX Group, Inc. and the NASDAQ Stock Market LLC (collectively “NAS*1013DAQ”), conducted the initial public offering (“IPO”) for Facebook, Inc. The IPO was one of the largest in history, with 421 million shares of Facebook common stock offered at $88 per share, for a total value of over $16 billion. In conducting the offering, NASDAQ encountered and addressed various problems, prompting a number of subsequent actions, including disciplinary proceedings by the Securities and Exchange…

2Cases cited53 opinions

  1. City of Chicago v. International College of SurgeonsSupreme Court of the United States · 1997
  2. Franchise Tax Bd. of Cal. v. Construction Laborers Vacation Trust for Southern Cal.Supreme Court of the United States · 1983
  3. First Options of Chicago, Inc. v. KaplanSupreme Court of the United States · 1995
  4. Metropolitan Life Insurance v. TaylorSupreme Court of the United States · 1987
  5. Textile Workers v. Lincoln Mills of Ala.Supreme Court of the United States · 1957

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3Cited by114 opinions

  1. Judith Goldman v. Citigroup Global Markets IncCourt of Appeals for the Third Circuit · 2016
  2. Manning v. Merrill Lynch Pierce Fenner & Smith, Inc.Court of Appeals for the Third Circuit · 2014
  3. State of New York Ex Rel. Jacobson v. Wells Fargo National Bank, N.A.Court of Appeals for the Second Circuit · 2016
  4. Doscher v. Sea Port Group Securities, LLCCourt of Appeals for the Second Circuit · 2016
  5. In re Facebook, Inc.Court of Appeals for the Second Circuit · 2015

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