CREDIT SUISSE SECURITIES (USA) LLC v. BILLING

No. 05-1157.

127 S.Ct. 2383 (2007)

551 U.S. 264

168 L.Ed.2d 145

CREDIT SUISSE SECURITIES (USA) LLC, fka Credit Suisse First Boston LLC, et al., Petitioners, v. Glen BILLING et al.

Supreme Court of United States.

Decided June 18, 2007.


Attorney(s) appearing for the Case

Stephen M. Shapiro , Washington, D.C., for Petitioners.

Paul D. Clement , for United States as amicus curiae, by special leave of the Court, supporting the Petitioners.

Christopher Lovell , for Respondents.

Robert B. McCaw , Louis R. Cohen , Ali M. Stoeppelwerth , Fraser L. Hunter, Jr. , Noah A. Levine , Wilmer Cutler Pickering Hale & Dorr LLP, New York, New York, for Petitioner Citigroup Global Markets Inc., Stephen M. Shapiro , Kenneth S. Geller , Timothy S. Bishop , John P. Schmitz , Mayer, Brown, Rowe & Maw LLP, Washington, D.C., for Petitioner Merrill Lynch, Pierce, Fenner & Smith Incorporated, Andrew J. Frackman , Timothy J. Muris , Richard G. Parker , Brendan Dowd , O'Melveny & Myers LLP, New York, New York, for Petitioner Robertson Stephens, Inc., Carter G. Phillips , A. Robert Pietrzak , Joel M. Mitnick, Sidley Austin LLP, New York, New York, for Petitioner Deutsche Bank Securities Inc., Andrew B. Clubok , Brant W. Bishop , Bradley J. Bondi , Kirkland & Ellis LLP, Washington, D.C., for Petitioner Morgan Stanley & Co. Inc., Shepard Goldfein , Preeta D. Bansal , James A. Keyte , Skadden, Arps, Slate, Meagher & Flom LLP, New York, New York, for Petitioner Janus Capital Management LLC, Richard A. Cirillo , Karen R. Kowalski , King & Spalding LLP, New York, New York, for Petitioner Credit Suisse Securities (USA) LLC, Moses Silverman, Philip G. Barber , Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, New York, for Petitioner Lehman Brothers Inc. Jon R. Roellke , Jeffrey H. Drichta , Clifford Chance US LLP, Washington, D.C., for Petitioner Merrill Lynch , Pierce, Fenner & Smith Incorporated, Paul Gonson , Glenn R. Reichardt , Kirkpatrick & Lockhart Preston Gates Ellis LLP, Washington, D.C., for Petitioner Merrill Lynch , Pierce, Fenner & Smith Incorporated, Gandolfo V. DiBlasi , Penny Shane , David M.J. Rein , Richard J.L. Lomuscio , Sullivan & Cromwell LLP, New York, New York, for Petitioners The Goldman Sachs Group, Inc. and Goldman, Sachs & Co., Randy M. Mastro , John A. Herfort , Richard Falek , Gibson, Dunn & Crutcher LLP, New York, New York, for Petitioner Bear, Stearns & Co., Inc., Steven Wolowitz , Matthew Ingber , Mayer, Brown, Rowe & Maw LLP, New York, New York, for Petitioner Comerica, Inc., Gerald J. Fields , Kevin C. Logue , Paul Hastings Janofsky & Walker LLP, New York, New York, for Petitioners Van Wagoner Capital Management, Inc. and Van Wagoner Funds, Inc., David W. Ichel , Jayma M. Meyer , Simpson Thacher & Bartlett LLP, New York, New York, for Petitioners J.P. Morgan Securities Inc., John D. Donovan, Jr. , Robert G. Jones , Ropes & Gray LLP, Boston, Mass., for Petitioners Fidelity Distributors Corp. Fidelity Brokerage Services LLC, and Fidelity Investments Institutional Services Co., Inc., for Petitioners.

Russel H. Beatie , Beatie and Osborn LLP, New York, New York, for Respondent Milton Pfeiffer.


A group of buyers of newly issued securities have filed an antitrust lawsuit against underwriting firms that market and distribute those issues. The buyers claim that the underwriters unlawfully agreed with one another that they would not sell shares of a popular new issue to a buyer unless that...

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