State Oil Co. v. Khan

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In State Oil Co. v. Khan, 522 U.S. 3, 22 (1997), the U.S. Supreme Court held that vertical maximum price-fixing agreements can be lawful in light of commentary and real experience, and should be judged using the rule of reason rather than considered per se unlawful. The Court overruled a 29-year-old precedent treating those agreements as automatically unlawful.[1]


  1. Albrecht v. Herald Co., 390 U.S. 145 (1968).