The Supreme Court debated Tuesday whether two oil companies could be sued for setting up now-defunct joint ventures that allegedly inflated gas prices in the late 1990s. The Court's decision could resonate across the business world, affecting how future joint ventures and mergers are structured, not just with oil companies. The ruling also could be significant in signaling how the Roberts Court will interpret antitrust laws.
January 11, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Supreme Court debated Tuesday whether two oil companies could be sued for setting up now-defunct joint ventures that allegedly inflated gas prices in the late 1990s.
In spirited questioning, the justices — led by Chief Justice John Roberts — seemed skeptical of arguments by a lawyer for 23,000 gas distributors that ChevronTexaco Corp. and Shell Oil Co. violated antitrust laws and fixed prices.
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