Antitrust complaint against Cusip can go forward, SDNY judge rules
The federal judge presiding over the ongoing class-action suit against Cusip Global Services, S&P Global, FactSet, and the American Bankers Association, has dismissed all complaints against the defendants except one alleging the quartet violated Section 2 of the Sherman Antitrust Act.
After much anticipation, federal judge Katherine Polk Failla in the Southern District of New York is allowing Dinosaur Financial Group, Hildene Capital Management, and Swiss Life Investment Management to continue with their joint complaint that Cusip Global Services (CGS) and its affiliates violated Section 2 of the Sherman Antitrust Act, the federal law passed in 1890 that outlaws monopolistic behavior.
At the heart of the new filing, and indeed the case at this juncture, sits CGS’s oft
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