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Article: Sherman Act powers Trigen suit
- Article from:
- THE JOURNAL RECORD
- Article date:
- September 24, 1996
- Author:
CopyrightCopyright 1996 The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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More than finger-pointing and name-calling, Trigen's $27 million
lawsuit against OG&E involves issues at the heart of capitalism.
Trigen's complaint is complex, but at its core is the contention
that OG&E violated the Sherman Act, a 106-year-old federal statute
vital to a competitive economic system.
Essentially, the Sherman Act prohibits big companies from using
their power to monopolize markets where they hold a majority of the
market share.
Though mere status as a majority holder of market power does not
violate the Sherman Act, using the power to squeeze out competition
is forbidden, says James C. Thomas, Professor of Law at the
University of Tulsa.
That is Trigen's argument.
Crucial ...