Legal News for Fri 1/10 - Trump Sentencing in Hush Money Case Goes On, House Sanctions ICC, Giuliani Continues to Put Foot in Mouth
This Day in Legal History: Standard Oil Rising
On January 10, 1870, John D. Rockefeller and his partners incorporated the Standard Oil Company, marking a pivotal moment in American industrial and legal history. Standard Oil quickly became a dominant force in the oil industry, employing innovative practices such as vertical integration and aggressive pricing to outcompete rivals. By the late 19th century, the company controlled nearly 90% of the U.S. oil refining market, making Rockefeller the nation's first billionaire and one of the wealthiest individuals in history.
However, Standard Oil's…
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