1998Nov, 9
A US federal judge, in the largest civil settlement in United States history, orders 37 US brokerage houses to pay 1.03 billion United States dollars to cheated NASDAQ investors to compensate for price fixing.
The Nasdaq Stock Market ( (listen)) is an American stock exchange based in New York City. It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges.
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Events on 1998
- 4May
Unabomber
A federal judge in Sacramento, California, gives "Unabomber" Theodore Kaczynski four life sentences plus 30 years after Kaczynski accepts a plea agreement sparing him from the death penalty. - 6May
Houston Astros
Kerry Wood strikes out 20 Houston Astros to tie the major league record held by Roger Clemens. He threw a one-hitter and did not walk a batter in his fifth career start. - 26May
Ellis Island
The Supreme Court of the United States rules that Ellis Island, the historic gateway for millions of immigrants, is mainly in the state of New Jersey, not New York. - 4Jun
Oklahoma City bombing
Terry Nichols is sentenced to life in prison for his role in the Oklahoma City bombing. - 5Jun
General Motors
A strike begins at the General Motors parts factory in Flint, Michigan, that quickly spreads to five other assembly plants. The strike lasts seven weeks.