LegalJul 21, 2026, 04:37 PM
Miami International & Nasdaq Litigation Dismissed With Prejudice
AI Summary
On July 20, 2026, the U.S. District Court for the District of New Jersey entered an Order of Dismissal With Prejudice, resolving all claims and counterclaims in the litigation between Miami International Holdings, Inc. and Nasdaq, Inc. This outcome allows Miami International Holdings to operate its business, including existing and new exchanges and trading platforms, and commercialize technology without requiring any license or consent from Nasdaq regarding the rights asserted in the litigation. The long-running dispute, which began in September 2017, saw the Patent Trial and Appeal Board invalidate six Nasdaq patents in 2019.
Key Highlights
- U.S. District Court dismissed all claims and counterclaims with prejudice.
- Resolves all litigation between Miami International Holdings and Nasdaq.
- MIAX can operate its business without Nasdaq's license or consent.
- MIAX free to operate/modify exchanges and create new trading platforms.
- MIAX can commercialize technology without infringing Nasdaq's asserted rights.
- Litigation began September 1, 2017, initiated by Nasdaq.
- PTAB invalidated six Nasdaq patents asserted against MIAX in 2019.
Price Impact
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