Nasdaq Stock Market, Inc. v. Archipelago Holdings, LLC
District Court, S.D. New York
1Opinion of the Court
OPINION and ORDER
COTE, Judge.
This action arises out of the facilitation of trading of the Nasdaq-100 Index Tracking Stock, known as QQQ shares, by Archipelago Exchange, LLC (“Area Exchange”) without a license from The Nasdaq Stock Market, Inc. (“Nasdaq”). The motions before this Court require a determination of whether Nasdaq retains a protectible property interest in QQQ shares once they are in the hands of investors, such that Nasdaq can require another exchange to obtain a license before investors are able to trade QQQ shares on that exchange.
On October 17, 2003 Nasdaq brought this suit…
2Cases cited22 opinions
- Swierkiewicz v. Sorema N. A.Supreme Court of the United States · 2002
- Skidmore v. Swift & Co.Supreme Court of the United States · 1944
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- Polaroid Corporation v. Polarad Electronics CorporationCourt of Appeals for the Second Circuit · 1961
- Crosby v. National Foreign Trade CouncilSupreme Court of the United States · 2000
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