Difference between revisions of "Sherman Act Section Two"
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(1) an agreement or understanding between two or more parties and (2) a specific intent to monopolize and (3) overt acts in furtherance of the alleged conspiracy. See, e.g., ''Robinson v. Magovern'', 521 F.Supp. 842, 892 (W.D. Pa. 1981). | (1) an agreement or understanding between two or more parties and (2) a specific intent to monopolize and (3) overt acts in furtherance of the alleged conspiracy. See, e.g., ''Robinson v. Magovern'', 521 F.Supp. 842, 892 (W.D. Pa. 1981). | ||
| + | In at least the Second and Third Circuits, proof of a dangerous likelihood of monopolization is not required. ''See Deborah Heart & Lung Ctr. v. Penn Presbypyterian Med. Ctr.'', 2011 U.S. Dist. LEXIS 149664 (D.N.J. Dec. 30, 2011). | ||
[[Category:United States Law]] | [[Category:United States Law]] | ||
| + | [[Category:antitrust]] | ||
Revision as of 20:31, July 4, 2012
Sherman Act Section Two prohibits monopolization, attempts to monopolize and conspiracies to monopolize any aspect of interstate trade or commerce.
"Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $10,000,000 if a corporation, or, if any other person, $350,000, or by imprisonment not exceeding three years, or by both said punishments, in the discretion of the court." 15 U.S.C. § 2.
As with Section One of the Sherman Act, Section Two is typically enforced by one firm suing another in a civil lawsuit. To prevail under Section Two, a plaintiff must prove all of the following:
(1) an agreement or understanding between two or more parties and (2) a specific intent to monopolize and (3) overt acts in furtherance of the alleged conspiracy. See, e.g., Robinson v. Magovern, 521 F.Supp. 842, 892 (W.D. Pa. 1981).
In at least the Second and Third Circuits, proof of a dangerous likelihood of monopolization is not required. See Deborah Heart & Lung Ctr. v. Penn Presbypyterian Med. Ctr., 2011 U.S. Dist. LEXIS 149664 (D.N.J. Dec. 30, 2011).