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Supreme Court Ends The Per Se Rule Of Illegality For Vertical Minimum Price Agreements
On June 28, 2007, the Supreme Court, in a 5-4 decision, overturned the nearly century-old precedent of "Dr. Miles Medical Co. v. John D. Park & Sons Co.", 220 U.S. 373 (1911) and held that the Rule of Reason, not the per se rule of illegality, applies to vertical minimum price fixing agreements (also known as minimum resale price maintenance, or "RPM").
United States
3 Jul 2007
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