The Clayton Antitrust Act of 1914, codified at 15 U.S.C. 12-27, outlaws the following conduct:
- price discrimination;
- conditioning sales on exclusive dealing;
- mergers and acquisitions when they may substantially reduce competition;
- serving on the board of directors for two competing companies.
Definition from Nolo’s Plain-English Law Dictionary
A federal antitrust law, enacted in 1914, that amended and expanded upon the Sherman Act (enacted in 1890), which prohibits direct or indirect interference with interstate trade.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm