Bond Market Is Subject To Antitrust Law, High Court Told

Law360, New York (March 29, 2013, 8:10 PM EDT) -- Credit provider Atlanticus Holdings Corp. has asked the U.S. Supreme Court to review a ruling that found 21 hedge funds didn't violate antitrust laws by allegedly conspiring to force it to redeem its bonds ahead of schedule, arguing the ruling wrongly exempts the bond market from antitrust laws.

In a March 18 petition for a writ of certiorari, Atlanticus, formerly known as CompuCredit Holdings Corp., argues that nothing in the Sherman Act exempts horizontal competitors like the hedge funds who buy and sell long-term notes on...
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