Reuters: Regulatory News: Nasdaq says filing $62 mln Facebook compensation plan

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Nasdaq says filing $62 mln Facebook compensation plan Jul 20th 2012, 22:30 WASHINGTON, July 20 | Fri Jul 20, 2012 6:30pm EDT WASHINGTON, July 20 (Reuters) - Nasdaq OMX Group Inc on Friday said it will file a $62 million compensation plan for firms that lost money in the bungled Facebook Inc initial public offering in May. The fund is $22 million larger than the original fund proposed in June, NASDAQ said. All accommodations will be paid in cash, a departure from the prior plan in which Nasdaq would have partially compensated firms through trading credits. The compensation plan will be filed with the Securities and Exchange Commission, Nasdaq said, adding that it expects all payouts will occur within six months.

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