Tuesday, March 05, 2013

Second Circuit -- Mayor and City Council of Baltimore, Maryland et al., v. Citigroup, Inc.,

Allegations that large buyers acted in concert to stop buying securities prior to market crash does not state a claim for violation of the Sherman Act, as it does not raise a plausible inference that discovery will reveal illegal conduct.

Mayor and City Council of Baltimore, Maryland et al., v. Citigroup, Inc.,
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.