CompuCredit Holdings Corp. v. Akanthos Capital Mgmt, LLC, et al.

Plaintiff brought suit alleging antitrust violations against a number of hedge funds (defendants) that held convertible senior notes issued by plaintiff. Plaintiff claimed that defendants acted collectively to force plaintiff to pay above-market prices to redeem its notes early, thus violating the Sherman Act, 15 U.S.C. 1. The court found that the behavior of defendants alleged by plaintiff did not constitute a violation of the Sherman Act. The cases that plaintiff offered in support of its position were factually distinguishable from and thus irrelevant to the current dispute, and the court found no other case law that would support the proposition that the actions alleged were illegal under the Sherman Act. Therefore, the court affirmed the district court. View "CompuCredit Holdings Corp. v. Akanthos Capital Mgmt, LLC, et al." on Justia Law