United States v. Socony-Vacuum Oil Co.
GPTKB entity
Properties (44)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
court case
|
| gptkbp:caseOutcome |
set precedent for future cases
influenced regulatory practices fines imposed on companies influenced future antitrust cases clarified legal standards for price-fixing reaffirmed antitrust principles significant fines imposed strengthened_antitrust_enforcement |
| gptkbp:caseTypes |
No. 1
antitrust litigation |
| gptkbp:citedBy |
310 U.S. 150
|
| gptkbp:court |
unanimous decision
established per se rule |
| gptkbp:decidedBy |
gptkb:Supreme_Court_of_the_United_States
1940-01-14 |
| gptkbp:firstClaim |
business practices in oil industry
|
| gptkbp:historicalContext |
Great Depression
|
| gptkbp:historicalEvent |
appealed from lower court
|
| https://www.w3.org/2000/01/rdf-schema#label |
United States v. Socony-Vacuum Oil Co.
|
| gptkbp:impact |
antitrust enforcement
|
| gptkbp:involved |
gptkb:Socony-Vacuum_Oil_Company
gptkb:United_States |
| gptkbp:judges |
gptkb:Justice_Murphy
gptkb:Justice_Jackson affirmed lower court ruling Supreme_Court_review |
| gptkbp:legal_representation |
economic theory of competition
|
| gptkbp:legalStatus |
gptkb:Department_of_Justice
antitrust law price-fixing conspiracy upheld antitrust laws per se illegality of price-fixing New_Deal_policies |
| gptkbp:notableEvent |
Sherman Antitrust Act
|
| gptkbp:notableFeature |
landmark antitrust case
examined market manipulation important for antitrust policy involved price-fixing agreements |
| gptkbp:outcome |
conviction of oil companies
|
| gptkbp:politicalParty |
gptkb:Justice_Felix_Frankfurter
|
| gptkbp:precedent |
price-fixing cases
|
| gptkbp:relatedPatent |
gptkb:United_States_v._American_Tobacco_Co.
gptkb:United_States_v._E.C._Knight_Co. |