Regulatory-Erosion

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

Wabash v. Illinois: Supreme Court Shields Interstate Monopolies from Regulation

1886-10-25 00:00:00 +0000 UTC | Importance: 8/10

On October 25, 1886, the U.S. Supreme Court decided Wabash, St. Louis & Pacific Railway Co. v. Illinois (118 U.S. 557) in a 6-3 ruling that severely limited states’ power to regulate interstate commerce, effectively shielding railroad monopolies from state-level oversight. The case arose …

U.S. Supreme Court Wabash Railroad Illinois Legislature Interstate Commerce regulatory-erosion supreme-court corporate-power institutional-capture states-rights