Served as co-counsel to NYSE Arca’s primary outside counsel, Milbank Tweed in matter dismissed on motion in which plaintiff alleged damages resulting from payments it made to reimburse customers who claimed to have lost money on trades induced by a stock price that was allegedly — but never actually — reported on the NYSE Arca electronic exchange and was far below the usual trading range for that stock. NYSE Arca filed a motion to dismiss on various grounds, including immunity accorded regulatory organizations. Immediately after our co-counsel’s oral argument on July 13, the court dismissed the complaint against NYSE Arca with prejudice on several grounds.
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