Jefferies, Nasdaq to Arbitrate Swap Futures Suit

Bloomberg News
December 30, 2011

Jefferies Group Inc. and Nasdaq OMX Group Inc. agreed to go to arbitration to resolve a fraud lawsuit filed by Jefferies over interest-rate swap futures contracts. Jefferies sued Nasdaq and its International Derivatives Clearing Group LLC in September in New York state court accusing them of fraud and breach of contract.

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