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The Supreme Court ruled Monday that Hawaii did not overstep its authority when it moved to keep gasoline prices in line by imposing caps on the rent paid by dealer-run stations. The unanimous decision was a defeat for Chevron USA, which argued that Hawaii's law was an unconstitutional "taking" of private property. The ruling means that state legislatures preserve their authority to set local economic regulations without extensive second-guessing by federal courts.
May 24, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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