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Court Reinstates Class Action Antitrust Suits Against Investment Banks

Law360 (October 7, 2005, 12:00 AM EDT) -- A federal appeals court has overturned two lower court rulings and restored the class action suits alleging that several major investment banks engaged in price fixing.

The suits, which name investment banks Credit Suisse First Boston, Goldman Sachs, Merrill Lynch, and Morgan Stanley Dean Witter, among others, were originally filed in the U.S. District Court for the Southern District of New York.

The appeals court overturned district court judge William H. Pauley’s ruling, saying in its decision that the plaintiff’s allegations of “an epic Wall Street...
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