NASDAQ

Complaint alleging "that Nasdaq acted unlawfully to maintain and/or to obtain monopolies in the relevant markets and submarkets by engaging in acts of patent misuse, sham litigation, and other predatory conduct" in Miami International Holdings Inc., which, inter alia, owns the Bermuda Stock Exchange; Miami International Securities Exchange LLC, MIAX Pearl LLC, and Miami International Technologies LLC v. Nasdaq Inc., Nasdaq ISE LLC, and FTEN Inc. at the U. S. District Court for the District of Delaware.

NASDAQ's listings officers either do not read their own memos about defaulting issuers or they suffer from short-term memory loss, if a June 27th announcement regarding Bermuda-based Max Re Capital Ltd. is anything to go by.In a press release, Max Re disclosed that it had been included “in the new NASDAQ Global Select Market”, which it claimed “has the highest initial listing standards of any exchange in the word based on financial and liquidity requirements”.

ESG Re senior officers have been buying the firm's shares recently, notwithstanding its awful performance, culminating in its de-listing by Nasdaq effective February 3.

The secondary listing of Bank of Bermuda shares on Nasdaq, effective April 23, has created arbitrage opportunities for traders.Between its U.S. listing debut and the end of April, the bank's stock closed at a higher price on Nasdaq than the BSX on day, once by as much as $1. Nasdaq volume was more than 12 times greater.