This is an extract from Knight Capital Group Inc. (NYSE:KCG)'s May filing relating to the probable losses it would suffer due to the botched trade execution by the Nasdaq exchange during Facebook Inc (NASDAQ:FB) IPO:
“There are no assurances that the company will be able to recover any of its losses resulting from the numerous issues and problems at NASDAQ, relating to the trading of Facebook,” officials with Knight wrote in the filing. “As a result of this loss, the Company’s second quarter results of operations will be adversely impacted.”
The fears have come...
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