Has the Supreme Court Given Regulated Industries Implied Immunity from the U.S. Antitrust Laws?

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Svetlana Gans, Connie Robinson, Jun 29, 2007

Introduction

In a 7-1 decision, the U.S. Supreme Court recently determined that the Securities and Exchange Commission (SEC) is better equipped than judges and juries to determine the legality of underwriting activities, such as syndication and marketing techniques, taking place during initial public offerings. Credit Suisse Sec. (USA) LLC v. Billing, No. 05-1157, 127 S.Ct. 2383 (2007