Credit Suisse v. Billing
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| Credit Suisse v. Billing | ||||||||||
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| Argued March 27, 2007 Decided June 18, 2007 |
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| Holding | ||||||||||
| Congress' creation of the SEC implicitly exempted regulated securities industries from antitrust lawsuits | ||||||||||
| Court membership | ||||||||||
| Chief Justice: John Glover Roberts, Jr. Associate Justices: John Paul Stevens, Antonin Scalia, Anthony Kennedy, David Souter, Clarence Thomas, Ruth Bader Ginsburg, Stephen Breyer, Samuel Alito |
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| Case opinions | ||||||||||
| Majority by: Breyer Joined by: Roberts, Scalia, Ginsburg, Stevens, Souter, Breyer Dissent by: Thomas |
In Credit Suisse Securities (USA) LLC, fka Credit Suisse First Boston LLC, et al. v. Billing et al., the Supreme Court of the United States held that Congress' creation of the United States Securities and Exchange Commission (SEC) implicitly exempted the regulated securities industry from antitrust lawsuits under other existing laws. Justice Thomas dissented, arguing that the laws creating the SEC explicitly mention that securities regulations are in addition to, not instead of, existing law.
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