ETF Managers Group is accused in a civil suit of keeping millions of dollars in management fees generated by funds including a cybersecurity ETF known by its ticker, HACK
Nasdaq Inc.’s lawsuit accusing a New Jersey company of stealing more than $1 billion in exchange-traded funds is set to come to trial Monday in New York, in a case that is drawing interest across the ETF industry.
Nasdaq’s civil suit, filed in October 2017 in the U.S. District Court for the Southern District of New York, alleges that ETF Managers Group LLC illegally kept millions of dollars in management fees generated by funds including a popular cybersecurity ETF best known by its ticker HACK.
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