Securities regulation and antitrust law slug it out before the U.S. Supreme Court

On Tuesday the U.S. Supreme Court will hear this week's second high-profile business law case.  In Credit Suisse First Boston Ltd. v. Billing, the issue is whether the highly-regulated securities industry is exempt from antitrust liability.  Plaintiffs allege that, in the 1990s, investment banks and institutional investors manipulated the aftermarket prices of a large number of IPOs in violation of antitrust law.  The court will decide whether antitrust principles must bow out, given the extensive regulation of the securities market by the SEC.

See detailed coverage of the case here, here, and here.