Legal News for Thurs 5/15 - EPA Rolls Back PFAS Rules, RFK Jr. Swims in Filth and Defends HHS Layoffs Amid Measles Outbreaks, and More Companies Eye "Dexit"
This Day in Legal History: Standard Oil Breaks Up
On May 15, 1911, the U.S. Supreme Court issued a landmark decision in Standard Oil Co. of New Jersey v. United States, finding that Standard Oil had violated the Sherman Antitrust Act by engaging in monopolistic practices. The Court unanimously ruled that Standard Oil’s dominance over the oil industry—achieved through aggressive acquisitions, predatory pricing, and exclusive agreements—constituted an illegal restraint of trade. As a remedy, the Court ordered the breakup of Standard Oil into 34 separate and independent companies, a dramatic…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.