United States Leading Case anti competitive agreements

Standard Oil Co of New Jersey v United States

221 U.S. 1 (1911)

JurisdictionUnited States

CourtUS Supreme Court

Year1911

StatusBinding authority

Summary

The Sherman Act prohibits only unreasonable restraints of trade, establishing the rule of reason as the primary antitrust analytical framework.

Key Principle

The Sherman Act's prohibition of restraints of trade applies only to unreasonable restraints, establishing the rule of reason as the primary antitrust analytical framework.

Area of Law

competition

Related Cases

ACCC v Pacific National Pty Ltd [2020] FCAFC 77

Full Federal Court considered the test for substantially lessening competition under s.50 CCA in the context of a rail freight acquisition.

ACCC v Yazaki Corporation (2018) 262 CLR 1

HCA upheld record cartel penalties for wire harness market conduct, affirming that penalties must deter contravener and others, considering nature, extent, and duration of cartel.

ACCC v Pfizer Australia Pty Ltd [2018] FCAFC 78

Full Federal Court considered whether Pfizer's patent evergreening strategy in the pharmaceutical market constituted misuse of market power under s 46 of the Competition and Consumer Act.

Ask CommonBench about this case

Get a detailed analysis of Standard Oil Co of New Jersey v United States and how it applies to your situation.

Explain Standard Oil Co of New Jersey ...