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7 unusual facts about Sherman Antitrust Act


568 Group

In response to several prestigious colleges and universities holding "Overlap Meetings" to set similar tuition and financial aid levels, the Justice Department began an antitrust investigation in 1989 and in 1991 filed an Sherman Antitrust Act suit against 57 colleges and universities.

Antitrust Act

The Sherman Antitrust Act, first United States federal government action to limit monopolies

Atlantic Petroleum

As a result of the Sherman Antitrust Act, the Standard Oil Trust was broken up, and Atlantic was one of 11 companies to acquire rights to the Standard name.

Charles Campbell Worthington

The International Pump Company was forced to dissolve due to findings under the Sherman Antitrust Act, and in 1903 Worthington retired.

Datel

On 20 November 2009, Datel filed a legal complaint against Microsoft in the Northern District of California for violations of §§1–2 of the Sherman act and §3 of the Clayton Antitrust Act; for unfair competition; and for tortious interference with prospective economic advantage.

Reserve clause

Under the Sherman Antitrust Act of 1890, two or more non-affiliated companies in any other interstate business were prohibited from colluding with each other to fix prices or establish schedules or rates.

WEOL

In the 1951 decision Lorain Journal Co. v. United States, 343 U.S. 143, it was found that the Journal violated key provisions of the Sherman Antitrust Act by seeking to maintain their near monopoly on advertising revenue.


Bigelow v. RKO Radio Pictures, Inc.

Petitioners, owners of the Jackson Park motion picture theatre in Chicago, alleged that respondents, some of whom, like RKO Pictures, were distributors of films, and some of whom owned or controlled theatres in Chicago, entered into a conspiracy which continued from some time before November 1936 to the date the suit was brought, July 28, 1942.

O'Bannon v. NCAA

In July 2009, Ed O'Bannon, a former basketball player who was a starter on the UCLA's 1995 Championship team, and the NCAA Basketball Tournament Most Outstanding Player of that year, filed a lawsuit against the NCAA and the Collegiate Licensing Company, alleging violations of the Sherman Antitrust Act and of actions that deprived him of his right of publicity.

Rambus

On August 2, 2006, the Federal Trade Commission overturned McGuire's ruling, stating that Rambus illegally monopolized the memory industry under section 2 of the Sherman Antitrust Act, and also practiced deception that violated section 5 of the Federal Trade Commission Act.


see also

Antitrust Act

The Clayton Antitrust Act, enacted to remedy deficiencies in antitrust law created under the Sherman Antitrust Act