High Court Rules In Favor Of Banks In IPO Case

Law360, New York (June 18, 2007, 12:00 AM EDT) -- In a victory for Wall Street, the U.S. Supreme Court has ruled that plaintiffs cannot make antitrust claims against banks that underwrite initial public offerings.

The High Court handed down a verdict in Credit Suisse First Boston v. Glen Billing on Monday, ruling that “the securities law implicitly precludes the application of antitrust laws to the conduct alleged in this case.”

“We were very pleased by this decision, which found direct support from prior Supreme Court cases,” said Mayer Brown Rowe & Maw LLP partner Steven...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.