Concurrence Stevens End date 2007 | Dissent Thomas | |
Full case name Credit Suisse Securities (USA) LLC, fka Credit Suisse First Boston LLC, et al. v. Billing et al. Citations 551 U.S. 264 (more)127 S. Ct. 2383 Prior history Certiorari to the United States Court of Appeals for the Second Circuit Majority Breyer, joined by Roberts, Scalia, Souter, Ginsburg, Alito People also search for Verizon Communications Inc. v. Law Offices of Curtis V. Trinko, LLP | ||
Credit Suisse v. Billing, 551 U.S. 264 (2007), was a decision by the Supreme Court of the United States, which held that the securities markets were exempt from the scope of antitrust laws.
Judgment
The Supreme Court held that creation of the United States Securities and Exchange Commission (SEC) implicitly exempted the regulated securities industry from antitrust lawsuits under other existing laws. Justice Thomas dissented, arguing that the laws creating the SEC explicitly mention that securities regulations are in addition to, not instead of, existing law.
References
Credit Suisse Securities (USA) LLC v. Billing Wikipedia(Text) CC BY-SA