U.S. Supreme Court
Feb. 28, 2013
US high court scales back major antitrust exemption
In Phoebe Putney, the Supreme Court held that a state's grant of general corporate powers to government entities does not protect them from the antitrust laws. By Jarod M. Bona
The U.S. Supreme Court has observed that the federal antitrust laws are the "Magna Carta of free enterprise," embodying "fundamental national values of free enterprise and economic competition." It is through market-by-market competition that we prosper.
The antitrust laws support this competition by creating opportunities for both government prosecutors and injured private parties to challenge "anticompetitive...
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