Foley Partner Gregory Neppl was quoted in an article that appeared in Bloomberg Businessweek on April 20, 2011 titled “Justice Department Seeks Data in Nasdaq-NYSE Antitrust Study.” Neppl discusses a U.S. Justice Department antitrust review, which asks participants how a takeover of the New York Stock Exchange by Nasdaq OMX would affect competition in equity listings. He states that these types of reviews are significant because of antitrust regulators’ legal authority to block transactions they deem anticompetitive. Neppl adds that Nasdaq OMX may be required to prove that consolidating U.S. listing venues within one company would not give it the power to raise annual listing fees and trading fees for customers.
