Thursday, June 28, 2007

Out of the Kloset

The SCOTUS rules 5-4--with the usual suspects lined up as usual--that the Sherman Anti-trust Act per se rule against retail price maintenance agreements is overruled in Leegin v PSKS (Kay's Kloset).

Anthony Kennedy wrote the ruling that says agreements between manufacturers and their distributors should be evaluated for competitiveness on a case by case basis. To the victors belong the economists!

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