Search results
Results From The WOW.Com Content Network
Vertical price fixing includes a manufacturer's attempt to control the price of its product at retail. [7] In State Oil Co. v. Khan , [ 8 ] the U.S. Supreme Court held that vertical price fixing is no longer considered a per se violation of the Sherman Act, but horizontal price fixing is still considered a breach of the Sherman Act.
Since these laws allowed vertical price fixing, they directly conflicted with the Sherman Antitrust Act, and Congress had to carve out a special exception for them with the Miller–Tydings Act of 1937. This special exception was expanded in 1952 by the McGuire–Keogh Act (which overrode a 1951 Supreme Court decision that gave a narrower ...
Dr. Miles Medical Co. v. John D. Park & Sons Co., (220 U.S. 373) (1911), [1] was a United States Supreme Court case on anti-trust grounds that ruled that resale price maintenance, a form of vertical restraint, is illegal per se.
The state of Maryland is taking on price-fixing manufacturers with a new law that prohibits manufacturers from requiring retailers to charge a certain minimum price for products.The Wall Street ...
Vertical restraints are to be distinguished from so-called "horizontal restraints", which are found in agreements between horizontal competitors. Vertical restraints can take numerous forms, ranging from a requirement that dealers accept returns of a manufacturer's product, to resale price maintenance agreements setting the minimum or maximum ...
That means if you sell a home for $484,200 — the median sale price in Idaho — the agents would keep nearly $30,000 with a 6% commission, not including closing costs or other fees.
State Oil Co. v. Khan, 522 U.S. 3 (1997) vertical maximum price fixing had to be adjudged according to a rule of reason; Leegin Creative Leather Products, Inc. v. PSKS, Inc. 551 U.S. 877 (2007) 5 to 4 decision that vertical price restraints were not per se illegal. A leather manufacturer therefore did not violate the Sherman Act by stopping ...
There are federal restrictions on related but different practices, such as price-fixing laws that bar companies from agreeing to not compete against each other and set higher prices.