Circuit Rejects Antitrust Suit in Ruin of Market for Auction-Rate Securities

It was inevitable that the collapse of the $300 billion ARS market in 2008 would trigger securities litigation. And it did, but the ARS freeze also spawned a massive antitrust case, after a trio of plaintiffs firms cooked up a theory that the market's demise was triggered by an illegal boycott by major banks.

This article requires premium access

This article requires premium access to The AmLaw Litigation Daily. Please sign in or subscribe to read the full text.