NASDAQ Reviewing Dendreon Trading Ahead of Halt (DNDN)

Health and Healthcare

Published: April 28, 2009 1:41 pm

Last Updated: April 28, 2009 2:26 pm

Story UPDATED at 3:10 EST:

15:05:01 EST NASDAQ has reviewed the transactions under rule 11890 (b) on its own motion filing involving the security Dendreon Corp. (NASDAQ: DNDN) executed between 13:25:00 and 13:27:02 ET today and has determined that all trades will stand. This decision cannot be appealed.

In short, if you got stopped out or shaken out of or into the stock, NASDAQ is telling you “Tough Cookie!”

JON C. OGG

A call into NASDAQ Marketwatch has confirmed that the NASDAQ is looking into erroneous trading in Dendreon Corporation (NASDAQ: DNDN). As the NASDAQ has posted:

NASDAQ MarketWatch is investigating potentially erroneous transactions involving the security Dendreon Corp. (DNDN) executed between 13:25:00 and 13:27:02 ET today. MarketWatch will advise with details as soon as available. Participants should review their trading activity for potentially erroneous trades and request adjudication through the Clearly Erroneous process within the applicable timeframe for filing pursuant to the rule.

JON C. OGG

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