Supreme Court Won't Hear PIMCO Class Cert. Challenge

Law360, New York (February 22, 2010, 1:41 PM EST) -- The U.S. Supreme Court has declined to weigh in on a class certification order affirmed by a federal appeals court in a suit accusing Pacific Investment Management Co. LLC of monopolizing a futures market.

On Monday, the high court denied PIMCO's petition for a writ of certiorari in a brief order. PIMCO had challenged a July decision handed down by the U.S. Court of Appeals for the Seventh Circuit that affirmed the certification of a class of short-seller plaintiffs who claim PIMCO effectively cornered a futures...
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