Joint Ventures Win Antitrust Shield
Bloomberg reports on a US Supreme Court decision today that affirmed that "joint ventures have broad power to set prices without violating U.S. antitrust laws." The case, TEXACO INC. v. DAGHER ET AL (PDF), involved oil company joint venture pricing decisions.
Visa USA Inc., Coca-Cola Co., Verizon Communications Inc. and Microsoft Corp. joined the oil industry in urging the Supreme Court to shield joint ventures from price-fixing claims.
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