Nasdaq Payouts For Bungled Facebook IPO Dec. 31

FacebookNasdaqListed650Nasdaq parent Nasdaq OMX Group said it will pay out $41.6 million in claims over Facebook’s bungled initial public offering Dec. 31, Reuters reported.

According to Reuters, firms that agreed to its compensation offer had until Dec. 23 to agree not to sue the company in order to remain eligible for the one-time payments.

Nasdaq was also fined $10 million by the Securities and Exchange Commission in May over its technical glitches on the first day of trading for Facebook, May 18, 2012.

Readers: Do you think Nasdaq OMX Group’s $41.6 million in payouts is enough?

Image courtesy of Shutterstock.

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