Sparta Surgical files suit against National Association of Securities Dealers (NASD) and Nasdaq:
This article was originally published in Clinica
Sparta Surgical has filed suit in the California Superior Court, Alameda, against the National Association of Securities Dealers (NASD) and the Nasdaq stock market alleging mishandling of the company's stock offering last March. Sparta claims the defendants misrepresented the status of the company's stock listings, misapplied NASD regulations and interfered with Sparta's investor and underwriter dealings. It is seeking more than $12.5 million in damages.