State Oil Co. v. Khan, 522 U.S. 3 (1997), was a decision by the United States Supreme Court, which "does not hold that all vertical maximum price fixing is per se lawful, but simply that it should be evaluated under the rule of reason, which can effectively identify those situations in which it amounts to anticompetitive conduct." It thereby overruled a previous Supreme Court decision, Albrecht v. Herald Co. (1968).
Read more about State Oil Co. V. Khan: Background, Decision, See Also
Famous quotes containing the words state and/or oil:
“While the system of holding people in hostage is as old as the oldest war, a fresher note is introduced when a tyrannic state is at war with its own subjects and may hold any citizen in hostage with no law to restrain it.”
—Vladimir Nabokov (1899–1977)
“Mr. Chadband is a large yellow man, with a fat smile, and a general appearance of having a good deal of train oil in his system.”
—Charles Dickens (1812–1870)