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Cases To Watch In 2007

Law360 (December 22, 2006, 12:00 AM EST) -- Undergoing increased scrutiny over anti-competitive practices, market timing and initial public offerings, the financial services industry is feeling the heat from many types of litigation.

Insurance companies have seen a major crackdown on anti-competitive practices like bid-rigging and price-fixing while mutual fund firms have faced investigations by state attorneys general over market timing practices.

Meanwhile, a U.S. appeals court in December threw out the class certification of lawsuits filed by investors against the world’s largest investment banks over their role in initial public offerings, which could...
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