Supplemental Comments on Digital Asset Markets (Joint Trades)
SIFMA and joint associations provided additional comments to the President’s Working Group (PWG) on Digital Asset Markets Chair in support…
Summary
Court:
U.S. District Court
(E.D. Texas)
Amicus Issue:
Whether passive investors could be in violation of Section 7 of the Clayton Antitrust Act of 1914, which prohibits the acquisition of stock when “the effect of such acquisition may be substantially to lessen competition,” simply because the passive investors have cross-ownership interests in competing companies.
Counsel of Record:
Morgan Lewis LLP
Jon R. Roellke
William S.D. Cravens
William T. McEnroe
Zachary M. Johns
Stephen LaBrecque
Other Amici:
None.
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