Alleging Merely Parallel Conduct Held Inadequate
Source: The New York Law Journal. Reprinted with permission.The U.S. Supreme Court ruled that a complaint alleging that telecommunications firms refrained from entering one another's territory was insufficient to assert an antitrust violation without facts indicating that a conspiracy was "plausible." The High Court also decided that securities law and regulations implicitly precluded antitrust claims against underwriters of initial public offerings (IPOs) of high-tech stocks.
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