U.S. Steps Into Fray In IPO Antitrust Case

Law360 (January 23, 2007, 12:00 AM EST) -- Government regulators are asking the U.S. Supreme Court to exempt investment firms from antitrust laws in one of the most closely followed antitrust cases before the Supreme Court.

In an amicus brief filed Monday, the U.S. Department of Justice, the Federal Trade Commission and the Securities and Exchange Commission asked the high court to give investment firms some antitrust immunity when collaborating to underwrite an initial public offering.

In that case, Credit Suisse First Boston v. Glen Billing, the plaintiffs filed a class action lawsuit against...
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