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Clayton Act |
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Clayton Act A 1914 American antitrust law that expanded and clarified the Sherman Act of 1890. The act prohibited price discrimination, mergers that substantially decrease competition, and other practices that the Sherman Act left for court interpretation. Significantly, the Clayton Act exempted unions and labor organizations from its provisions because the Sherman Act had been used to restrict the ability to strike. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| One that gets less than its fair share of attention is the Clayton Act Section 8 prohibition on interlocking directorates. Section 8 of the Clayton Act prohibits a person from serving as a director or officer of two competing corporations if certain thresholds are met. According to Commissioner Rosch, this amounts to a violation of the Clayton Act because it enabled Ovation to impose a monopoly price for Indocin that could not previously be exercised for this drug (even though that acquisition alone did not result in a reduction in the number of suppliers of PDA treatments). |
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