UBS cannot arbitrate with Nasdaq over Facebook IPO: court

NEW YORK (Reuters) – A divided U.S. appeals court on Friday rejected UBS AG’s bid to compel Nasdaq OMX Group Inc to arbitrate a dispute over how the exchange operator handled Facebook Inc’s May 2012 initial public offering.

Link to article: feeds.reuters.com/~r/reuters/technologyNews/~3/hLuFqzHGbrw/story01.htm

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