Sherman Act

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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 ?
"First, for the Class I railroad defendants it reinforces that they are no longer facing a class action of approximately 16,000 shippers for allegedly conspiring to set rail fuel surcharges in violation of the federal Sherman Antitrust Act," Brown said.
His book The Antitrust Paradox simply reinterpreted the Sherman Antitrust Act as entirely concerned with consumer welfare, defined narrowly as efficiently delivering goods at low prices.
MAX and Keller Williams of violating the Sherman Antitrust Act by requiring brokers to make a "blanket, non-negotiable offer of buyer broker compensation."
John Sherman (see Figure 2) was the proponent of the Sherman Antitrust Act of 1890, which prohibited restraints in trade and abuse of monopoly power and gave the Justice Department broad enforcing powers.
William McKinley, who was elected president in 1896, generally was friendly toward business interests and did not attempt to use the Sherman Antitrust Act of 1890 to challenge these mergers.
His administration worked to have Congress pass the Sherman Antitrust Act to limit business monopolies, fought to protect voting rights for African American citizens in the South, preserved millions of acres for forest reserves and national parks, modernized the American navy, and negotiated several successful trade agreements with other countries in the Western Hemisphere.
Type of action: These consolidated class action cases are part of a multidistrict litigation against numerous automotive parts suppliers alleging violation of Section 1 of the Sherman Antitrust Act, state antitrust statutes, and consumer protection statutes arising from a conspiracy to fix prices.
It would do this by amending the Sherman Antitrust Act of 1890, the law used more than a century ago to break up the oil empire of John Rockefeller.
Rockefeller's Standard Oil be broken up for violating the Sherman Antitrust Act. That decision is often remembered as a great triumph over plutocracy, but, in a key way, it was actually the opposite.
Airbnb's removal of Israeli listings may run afoul of such statutes as the Export Administration Act of 1979, the Ribicoff Amendment to the Tax Reform Act of 1976, and the Sherman Antitrust Act of 1890.