NY Times: Justices Agree to Tackle Antitrust Case

[La_Serpiente]

Justices Agree to Tackle Antitrust Case

WASHINGTON, Dec. 15 - The Supreme Court, accepting a closely watched international price-fixing case for review, agreed on Monday to decide how United States antitrust law applies to transactions that take place entirely overseas.

Although the issue has only lately gained prominence in the lower courts, recent rulings opening federal courts to antitrust claims by foreign plaintiffs with only remote connections to domestic commerce have engendered enormous interest and concern among companies fearful of newly defined antitrust liability for their overseas operations.

The United States Chamber of Commerce urged the Supreme Court to review the decision in this case, in which the federal appeals court here ruled that a trial could go forward in a suit brought by foreign purchasers of vitamins against a group of pharmaceutical companies accused of operating as an international cartel to fix the prices of bulk vitamins.

Seeking review at an earlier stage of the case, the Bush administration called the issue one of "exceptional and recurring importance."

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Justices Agree to Tackle Antitrust Case

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[MrBenchley]

1. Unbelievable...

The Administration is actually going to file in favor of the trust and not the peoples' interest....contrrary to the spirit of the law...