United States Second Circuit

Dismissal of a class action, alleging that defendants participated in a price-fixing scheme concerning the sale of securities, was proper as defendants' action enjoys implied immunity from antitrust laws because the antitrust laws conflict with securities regulatory provisions.

Appellate Information

• Decided 12/20/2002
• Published 12/20/2002

Judges

• POOLER, Circuit Judge., Before OAKES and POOLER, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Roger Kirby,Kirby McInerney & Squire LLP (Alice McInerney, Randall K. Berger, W. Mark Booker, on the brief) New York, NY, for Plaintiffs-Appellants., Jay N. Fastow, Weil, Gotshal & Manges LLP (Adam P. Strochak, on the brief), New York, NY, for amicus curiae New York Stock Exchange, Inc., David M. Becker, General Counsel, Securities and Exchange Commission (Meyer Eisenberg, Deputy General Counsel, Mark Pennington, Assistant General Counsel, on the brief) Washington, DC, for amicus curiae Securities and Exchange Commission.


• For Appellees:
  
• Robert F. Wise, Jr., Davis Polk & Wardwell (John J. Clarke, Jr., Kevin Wallace, on the brief) New York, NY, for Defendants-Appellees.