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The Sherman Antitrust Act of 1890 [1] (26 Stat. 209, 15 U.S.C. §§ 1–7) is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce and consequently prohibits unfair monopolies.
American antitrust law formally began in 1890 with the U.S. Congress's passage of the Sherman Act, although a few U.S. states had passed local antitrust laws during the preceding year. [13] Using broad and general terms, the Sherman Act outlawed "monopoliz[ation]" and "every contract, combination ... or conspiracy in restraint of trade".
Standard Oil (Refinery No. 1 in Cleveland, Ohio, pictured) was a major company broken up under United States antitrust laws.. The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law's history.
The US Justice Department along with 16 states on Thursday filed an 88-page antitrust lawsuit against Apple for violating antitrust laws. Apple allegedly violated the Sherman Antitrust Act by ...
The plaintiffs alleged that the defendants violated the Sherman Antitrust Act, the Missouri Merchandising Practices Act, and the Missouri Antitrust Law by engaging in a price fixing conspiracy that caused home sellers to pay inflated amounts.
An attorney for Musk accused OpenAI and Microsoft of improperly agreeing to limit competition, effectively creating monopoly-like conditions that would violate the Sherman Antitrust Act.
Laws applied Sherman Antitrust Act National League , 259 U.S. 200 (1922), is a case in which the U.S. Supreme Court ruled that the Sherman Antitrust Act did not apply to Major League Baseball .
Case history; Prior: United States v. Standard Oil Co. of New Jersey, 173 F. 177 (C.C.E.D. Mo. 1909): Holding; The Standard Oil Company conspired to restrain the trade and commerce in petroleum, and to monopolize the commerce in petroleum, in violation of the Sherman Act, and was split into many smaller companies.