Sherman Act

(redirected from Sherman Antitrust Act)
Also found in: Financial, Encyclopedia, Wikipedia.

Sherman Act

a US statute that was the first to regulate competition there. It controls contracts, combinations and conspiracies in restraint of trade and agreements and the like designed to bring about monopolies in any part of commerce.
References in periodicals archive ?
Plaintiffs claim that Defendants' actions violated the Sherman Antitrust Act, a federal law that prohibits any agreement that unreasonably restrains competition.
15, 1914, the Clayton Antitrust Act, which expanded on the Sherman Antitrust Act of 1890, was signed into law by President Woodrow Wilson.
District Judge Claudia Wilken ruled that the National Collegiate Athletic Association, whose member schools make billions of dollars off the players' performances but don't give the players even a tiny slice of the revenue, is engaged in illegal price fixing - a violation of the Sherman Antitrust Act.
Accordingly, Congress enacted the Sherman Antitrust Act way back in 1890 to promote competition and outlaw unreasonable restraint of trade.
This foreclosure of competition and anticompetitive conduct by SESAC and certain of its affiliates in the licensing of SESAC music were challenged as violations of Sections 1 and 2 of the Sherman Antitrust Act, prohibiting, respectively, unreasonable restraints of trade, monopolization, and a conspiracy to monopolize.
Debs, William Jennings Bryan, and Grover Cleveland, and a section of primary sources like an excerpt from Mark Twain's Roughing It, a New York Times article on displays of wealth at a high-society ball; an article on the overcrowded, unsanitary conditions of poor residents in tenement buildings; Andrew Carnegie's writings about philanthropy; and the Sherman Antitrust Act.
In retrospect, the breakthrough legislation - not just for the US, but also internationally - was the Sherman Antitrust Act of 1890.
The Sherman Antitrust Act of 1890 was designed to eliminate monopolistic practices of the American Railway Union, the American Tobacco Company and the Norton Securities Trust.
The Sherman Antitrust Act of 1890 broadly prohibits contracts, combinations, and conspiracies in "restraint of trade" and makes it unlawful "to monopolize" any line of commerce.
Additionally, the complaint claims the airline is in violation of both the Sherman Antitrust Act and the Clayton Antitrust Act, the first of which Korean Air has reportedly admitted guilt to in a deal with the U.