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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 23, 1997
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PAINE WEBBER GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-7367 13-2760086
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1285 Avenue of the Americas, New York, New York 10019
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 713-2000
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Not Applicable
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(Former name or address, if changed since last report)
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Paine Webber Group Inc.
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Item 5. Other Events
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In Re NASDAQ Market Maker Antitrust Litigation
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On December 23, 1997, PaineWebber Incorporated, along
with 29 other Nasdaq market-makers, entered into an
agreement to settle the class actions consolidated before
the United States District Court for the Southern
District of New York in In Re Nasdaq Market-Makers
Antitrust Litigation, MDL Docket No. 1023. PaineWebber
Incorporated's contribution to the settlement is
approximately $50 million. The agreement is subject to a
number of contingencies, including Court approval after
notice to the class.
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PAINE WEBBER GROUP INC.
By: /s/ REGINA DOLAN
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Regina Dolan
Senior Vice President and
Chief Financial Officer
Dated: December 30, 1997
