American Sugar Refining Company

U.S. v. E.C. Knight: Supreme Court Shields Sugar Trust and Eviscerates Antitrust Law

1895-01-21 00:00:00 +0000 UTC | Importance: 9/10

On January 21, 1895, the U.S. Supreme Court decided United States v. E.C. Knight Co. (156 U.S. 1) by a vote of 8-1, effectively gutting the Sherman Antitrust Act just five years after its passage. The case arose when the American Sugar Refining Company (the “Sugar Trust”) acquired four …

U.S. Supreme Court Melville Fuller American Sugar Refining Company E.C. Knight Company Grover Cleveland Administration judicial-capture regulatory-erosion monopoly-power corporate-impunity supreme-court

Sugar Trust Formation: Henry Havemeyer Consolidates 75% of Sugar Refining

1887-10-27 00:00:00 +0000 UTC | Importance: 8/10

On October 27, 1887, after two years of negotiations, Henry Osborne Havemeyer orchestrated the formation of the Sugar Refineries Company, commonly known as the “Sugar Trust,” consolidating 17 of the 23 sugar refinery companies operating in the United States. Havemeyer successfully …

Henry Osborne Havemeyer Sugar Refineries Company American Sugar Refining Company monopoly-power corporate-consolidation trust-formation price-fixing market-manipulation