Question presented: (1) Whether an antitrust complaint predicated on alleged collusive activity in the securities markets must, in order to survive a motion to dismiss on the grounds of implied antitrust immunity, set forth allegations sufficient to support a reason ably grounded expectation that the plaintiff's claims do not rest on collaborative activities that are either permitted under the securities laws or inextricably intertwined with such permissible activities? (2) Whether conduct that is prohibited under the regulatory scheme governing public offerings of securities is categorically immune from liability under the federal antitrust laws because of the extensive regulatory authority exercised by the Securities and Exchange Commission over such conduct?
On Dec. 7, 2006, the U.S. Supreme Court accepted review in the case and allowed the following to file amicus briefs in the case: NYSE Group, Inc., the National Association of Securities Dealers, Inc., and the Securities Industry Association. Chief Justice John Roberts took no part in those decisions.
Stephen M. ShapiroMayer, Brown, Rowe & Maw, LLP(202) 263-30001909 K Street, NWWashington, DC 20006Party name: Credit Suisse First Boston Ltd., et al.
Attorneys for Respondents:Christopher LovellLovell Stewart & Halebian LLP(212) 608-1900500 Fifth Avenue New York, NY 10110Party name: Glen Billing, et al.
Russel H. BeatieBeatie and Osborn LLP(212) 888-9000521 Fifth Avenue34th FloorNew York, NY 10175Party name: Milton Pfeiffer
Other:Paul D. ClementSolicitor General(202) 514-2217United States Department of Justice950 Pennsylvania Avenue, N.W.Room 5614Washington, DC 20530-0001Party name: United States
Roy T. Englert Jr.Robbins, Russell, Englert, Orseck & Untereiner LLP(202) 775-45001801 K Street, N.W., Suite 411Washington, DC 20006Party name: Securities Industry Association, et al.
Jay N. FastowWeil Gtshal & Manges LLP(212) 310-8000767 Fifth AvenueNew York, NY 10153Party name: NYSE Group, Inc.
Theodore B. OlsonGibson Dunn & Crutcher LLP(202) 955-85001050 Connecticut Avenue, N.W.Washington, DC 20036Party name: National Association of Securities Dealers, Inc.
