Table of Contents
2.1 Federal Material
2.1.1 Federal Statutes
2.1.2 Federal Judicial Decisions
2.2 State Material
2.2.1 State Statutes
2.2.2 State Judicial Decisions
2.3 Other References
2.3.1 Key Internet Sources
2.3.2 Useful Offnet (or Subscription – $) Sources
antitrust: an overview
Trusts and monopolies are concentrations of wealth in the hands of a few. Such conglomerations of economic resources are thought to be injurious to the public and individuals because such trusts minimize, if not obliterate normal marketplace competition, and yield undesirable price controls. These, in turn, cause markets to stagnate and sap individual initiative.
To prevent trusts from creating restraints on trade or commerce and reducing competition, Congress passed theSherman Antitrust Act in 1890. The Sherman Act was designed to maintain economic liberty, and to eliminate restraints on trade and competition. The Sherman Act is the main source of Antitrust law.
The Sherman Act is a Federal statute and as such has a scope limited by Constitutional constraints on the Federal government. The commerce clause, however, allows for a very wide interpretation and application of this act. The Act applies to all transactions and business involved in interstate commerce. If the activities are local, the act applies to transactions affecting interstate commerce. The latter phrase has been interpretted to allow broad application of the Sherman Act.
Most if not all states have comparable statutes prohibiting monopolistic conduct, price fixing agreements, and other acts in restraint of trade having strictly local impact. See, for example, the Massachusetts Antitrust Act (http://www.mass.gov/legis/laws/mgl/93-6.htm).
menu of sources
- 15 U.S.C., Chapter 1 – Monopolies and Combinations in Restraint of Trade
Federal Judicial Decisions
- Supreme Court: Recent Antitrust Decisions (http://supct.law.cornell.edu/supct/search/index.html?query=ANTITRUST+or+MONOPOLIES)
- U.S. Circuit Courts of Appeals: Recent Antitrust Decisions (http://www.law.cornell.edu/usca/search/index.html?query=antitrust%20monopoly)
- New York State Consolidated Laws: Monopolies, Section 340 et seq. (http://assembly.state.ny.us/leg/?cl=44&a=45)
- Other State Statutes (http://www.law.cornell.edu/statutes.html#state)
State Judicial Decisions
- N.Y. Court of Appeals:
- Recent Decisions Related to Antitrust Issues (http://www.law.cornell.edu/nyctap/search/index.html?query=ANTITRUST+or+MONOPOLIES+not+liibulletin)
- Commentary from liibulletin-ny (http://www.law.cornell.edu/nyctap/search/index.html?query=liibulletin+and+(ANTITRUST+or+MONOPOLIES))
- Appellate Decisions from Other States (http://www.law.cornell.edu/states/)
Key Internet Sources
- Federal Agencies:
- U.S. Justice Department, Antitrust Division (http://www.usdoj.gov/atr/index.html)
- Federal Trade Commission (http://www.ftc.gov/ftc/antitrust.htm)
- Vanderbilt Antitrust Policy Project (http://www.antitrust.org/)
- ABA’s Antitrust page (http://www.abanet.org/antitrust/home.html)
- SEC’s EDGAR Database of Corporate Information (http://www.sec.gov/edgarhp.htm)
- Senate Judiciary Committee (http://www.senate.gov/~judiciary/) (includes information from Subcommittee on Antitrust, Business Rights,and Competition)
Useful Offnet (or Subscription – $) Sources
Good Starting Point in Print: Thomas V. Vakerics, Antitrust Basics, New York Law Publishing Company (1985).
Category: Enterprise Law