Changes

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.  

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]]:

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]]: