Credit Suisse Decided
According to SCOTUSblog:
The Supreme Court ruled on Monday that the antitrust laws do not apply to the process of selling new stocks after their initial offering on stock markets. The Court said it could not accept a suggestion by the U.S. Solicitor General for avoiding a conflict between enforcement of the antitrust laws and the laws regulating securities transactions. The case involved claims of an antitrust conspiracy by underwriters to control trading in newly issued stocks. The vote was 7-1, with Justice Stephen G. Breyer writing for the majority; Justice Anthony M. Kennedy took no part in Credit Suisse Securities v. Billing (05-1157).
Opinion available here. The WSJ Law Blog comments on the decision here.
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