Reuters
Business
Citigroup slams Nasdaq's Facebook compensation plan
Wed, Aug 22 19:40 PM EDT

By John McCrank

NEW YORK (Reuters) - Citigroup slammed Nasdaq OMX Group Inc's plan to compensate firms harmed by Facebook's botched market debut to the tune of $62 million, saying in a regulatory filing the exchange should be liable for hundreds of millions more, according to two people who have read the letter.


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