Law360, New York (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...
Cases To Watch In 2007
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