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.
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.