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Credit Suisse Securities (USA) LLC v. Billing: Supreme Court Upholds Broad Antitrust Immunity for Conduct within the Securities Laws


by Howrey LLP
Washington Office

May 7, 2008

Previously published on June 19, 2007

On June 18, 2007, the Supreme Court held that federal securities laws implicitly precluded the application of antitrust laws with respect to certain conduct by a syndicate of underwriters (investment banks) in the course of an initial public offering (IPO). The decision reflects a concern for...


 

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