Rule-of-Reason

Supreme Court Dismisses U.S. Steel Antitrust Case, Ruling Size Alone Not Illegal - Enforcement Ends Until 1945

1920-03-01 00:00:00 +0000 UTC | Importance: 10/10

The U.S. Supreme Court, in a 4-3 decision written by Justice Joseph McKenna, dismissed the government’s antitrust case against U.S. Steel Corporation, the world’s first billion-dollar company created through J.P. Morgan’s 1901 merger. The Court ruled: “We must adhere to the …

U.S. Supreme Court Justice Joseph McKenna Justice Day U.S. Steel Corporation Elbert Henry Gary antitrust rule-of-reason corporate-power supreme-court enforcement-abandonment +1 more

Supreme Court Orders American Tobacco Breakup, Applying Rule of Reason to Tobacco Trust

1911-05-29 00:00:00 +0000 UTC | Importance: 9/10

The U.S. Supreme Court, in a 9-0 unanimous decision applying the new “rule of reason” doctrine, ruled that the American Tobacco Company violated the Sherman Antitrust Act and ordered the tobacco trust dissolved. Founded in 1890 by James Duke, American Tobacco controlled nearly 90% of …

U.S. Supreme Court Chief Justice Edward White American Tobacco Company James Duke antitrust corporate-power supreme-court monopoly rule-of-reason +1 more