United States Leading Case anti competitive agreements

United States v Socony-Vacuum Oil Co

310 U.S. 150 (1940)

JurisdictionUnited States

CourtUS Supreme Court

Year1940

StatusBinding authority

Summary

Price-fixing agreements are per se illegal under the Sherman Act and no justification or reasonableness defence is available.

Key Principle

price-fixing is per se illegal under Sherman Act; no justification or reasonableness defense

Area of Law

competition

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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.

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