Supreme Court OKs price fixing
Manufacturers may set a fixed price for their
products and forbid retailers from offering discounts.
Manufacturers may set a fixed price for their products and
forbid retailers from offering discounts, the Supreme Court said
today, overturning a nearly century-old rule of antitrust law that prohibited
retail price fixing.
The 5-4 ruling may be felt by shoppers, including those who buy on the Internet. It permits manufacturers to adopt and enforce what lawyers called “resale price maintenance agreements” that forbid discounting.
The decision, coming on the last day of the court’s term, was the 15th this year that benefits business and corporations by shielding them from lawsuits and legal claims.
Surprise, surprise.
The 5-4 ruling may be felt by shoppers, including those who buy on the Internet. It permits manufacturers to adopt and enforce what lawyers called “resale price maintenance agreements” that forbid discounting.
The decision, coming on the last day of the court’s term, was the 15th this year that benefits business and corporations by shielding them from lawsuits and legal claims.
Surprise, surprise.
Posted: Thu - June 28, 2007 at 03:19 PM