Citadel Securities, Others Beat Biotech Spoofing Suit, For Now

By Katryna Perera (February 15, 2024, 9:00 PM EST) -- A New York federal judge has adopted in full a magistrate judge's recommendation to toss a suit accusing several broker-dealers, including Citadel Securities LLC and Virtu Americas LLC, of carrying out a spoofing scheme that repeatedly drove a biotechnology company's share price down, saying he agrees with the report's finding that the suit fails to show that the alleged scheme caused lower stock prices in every instance....

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