The Credit Suisse Decision and U.S. Financial Markets

This article is part of a Chronicle. See more from this Chronicle

Jul 31, 2007

This article was previously published in The Daily Deal. It is reprinted here with permission.

A recent U.S. Supreme Court decision could help bolster America’s standing as a competitive location for capital formation. Or at the very least, the decision has forestalled the onslaught of plaintiff antitrust claims against Wall Street’s IPO underwriting process.

In a 7-1 vote, the U.S. Supreme Court held in C