We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Securities Laws Preclude Application Of Antitrust Laws

Law360 (June 26, 2007, 12:00 AM EDT) -- In Credit Suisse Securities (USA) LLC v. Billing, No. 05-1157 (June 18, 2007), the U.S. Supreme Court held that the securities laws implicitly precluded application of the antitrust laws to agreements among underwriting firms relating to initial public offerings (IPOs).

The plaintiffs in Credit Suisse were a class of investors who claimed that the nation's leading underwriting firms had conspired with one another when they formed syndicates to sell IPOs for several hundred companies by refusing to sell IPO shares unless a buyer committed to purchase...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.