Northern Securities Co. v. United States
United States Supreme Court
193 U.S. 197 (1904)
Relevant factsFree
Northern Securities was created to purchase both the Great Northern and Northern Pacific railways, which had previously competed for long-haul rail traffic in the Northwestern United States, effectively uniting their ownership under one group of stockholders who would not permit competition between the two lines; the government sued under Sherman Act § 1, and the circuit court ruled for the government.
IssueFree
Whether the formation of a holding company to purchase two competing companies constitutes a combination in violation of antitrust law.
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