March 13, 2001

Top Wall Street banks face collusion lawsuit

Author: JT Smith

The Straits Times reports on a lawsuit accusing seven
investment banks of collusion and violating antitrust laws in their allocation of
sought-after initial public offers.

"Lawyers in this latest case said that while other class-action suits have been
filed since the probe was announced, those were all based on the offering of
one stock, VA Linux Systems." (VA Linux owns NewsForge.)

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