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Monday, June 18, 2007

IPO antitrust class action ruling [US SC]
2:34 PM ET

Credit Suisse First Boston v. Billing, US Supreme Court, June 18, 2007 [holding that federal antitrust laws do not apply to a case where investors are filing a class action lawsuit against underwriters and institutional investors for their alleged manipulation of initial public offerings]. Read the Court's opinion [text] per Justice Breyer, along with a concurrence [text] from Justice Stevens, and a dissent [text] from Justice Thomas. Reported in JURIST's Paper Chase here.



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