The case has come to trial at last in a New York court, turning heads across the ETF industry. Nasdaq is seeking compensatory and punitive damages.
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Nasdaq Cybersecurity ETF Suit Heads to Trial
In October 2017, Nasdaq sued ETF Managers Group, claiming the New Jersey-based exchange-traded funds provider illegally pocketed millions of dollars in fees generated by funds that included a popular cybersecurity ETF known by its HACK ticker. So reports The Wall Street Journal.
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