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Line 1: − In ''Leegin Creative Leather Prods. v. PSKS, Inc.'', 127 S. Ct. 2705 (2007), a 5-4 [[U.S. Supreme Court]] overturned nearly 100 years of precedent in [[antitrust law]] and held that [[resale price maintenance]] is lawful if based on a reasonable justification. This decision overruled the precedent of ''[[Dr. Miles Medical Co. v. John D. Park and Sons Co.]]'', 220 U.S. 373 (1911), in which the Court had established the rule that it is [[per se]] illegal under § 1 of the [[Sherman Act]], 15 U.S.C. § 1, for a manufacturer to agree with its distributor to set the minimum price the distributor can charge for the manufacturer's goods. − The Court relied on respected economic analysts to conclude that vertical price restraints can have procompetitive effects and thus should be judged by the [[rule of reason]]. Justice [[Anthony Kennedy]] wrote the decision and was joined by the [[conservative]] wing of the Court. − − Advocates of [[stare decisis]], including the [[liberal]] wing of the Court, complained about the overturning of this longstanding precedent. − [[category:United States Supreme Court Cases]] − [[category:Antitrust]]
Leegin Creative Leather Prods. v. PSKS, Inc. (view source)
Revision as of 17:30, August 26, 2007
, 17:30, August 26, 2007Removing all content from page