In a case alleging what one federal appellate court described as an "epic Wall Street conspiracy," the U.S. Supreme Court soon will examine the scope of antitrust immunity. In Credit Suisse v. Billing , purchasers of Internet and technology stocks sold in IPOs in the 1990s charge that investment banks conspired with institutional investors to inflate prices, generating billions in illegal profits. The securities industry argues that immunity results from a conflict with federal securities regulations.
March 22, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In a case alleging what one federal appellate court described as an “epic Wall Street conspiracy,” the nation’s highest court soon will examine the scope of immunity from antitrust claims when federal securities regulations and federal antitrust law collide.
Credit Suisse v. Billing, No. 05-1157, is one of four antitrust cases taken by the justices in the current U.S. Supreme Court term.
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