Plaintiffs in an antitrust lawsuit have asked a U.S. federal judge to grant class-action certification for a case against CUSIP Global Services, S&P Global, and the American Bankers Association. The lawsuit alleges a conspiracy to monopolize the market for Committee on Uniform Securities Identification Procedures (CUSIP) identifiers. If the class-action status is approved, the group would include any entity that paid license fees to S&P or FactSet for the use of CUSIP numbers under a subscription or distribution agreement. This legal development is ongoing and represents a significant step in the case, potentially expanding the scope of liability for the defendants if the plaintiffs are successful. Separately, analyst ratings service Zacks highlighted S&P Global's strong earnings estimate trends and reported a mean price target of $612.59 among 22 analysts, suggesting a potential 25.7% upside. The company's stock was also upgraded to a Zacks Rank #2 (Buy).
Plaintiffs Seek Class-Action Status in Antitrust Lawsuit Against S&P Global
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