Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, June 18, 2007

Supreme Court Holds Securities Laws Prevent Antitrust Claims Against Underwriters

The Supreme Court (7-1 vote) held, in Credit Suisse First Boston v. Billing, that the federal securities laws prevent private antitrust claims against several underwriters of IPOs in connection with tie-in arrangements that required firms to purchase additional securities in the aftermarket.  The decision reversed the Second Circuit.   Justice Thomas dissented.

http://lawprofessors.typepad.com/securities/2007/06/supreme_court_h.html

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