The Law Offices of Guy Maseritz

 

 

Featured Article

 

August 20, 2012

 


In June 2012, my article was published in the Journal of Business & Technology Law (University of Maryland School of Law).
Click on this link to see the article.


The subject of the article is the federal antitrust case against United States Steel Corporation and its affiliated companies. The case was initiated by the Justice Department in 1911. My article is a study of how the defendants were completely exonerated by both the U.S. Circuit Court and U.S. Supreme Court. US Steel was organized in 1901, as a result of a massive merger of large, competing steel companies, and emerged as the largest Corporation in the world.

During the trial in the lower court, there was an abundance of evidence that US Steel engaged in a major scheme of price-fixing. The Corporation was able to evade disclosure of its policy of not investing in innovation and new technology, despite its huge resources. The development of new steel processes and new products was left to smaller and medium-size steel companies, such as Armco and Bethlehem Steel.

This case began in the U.S. Circuit Court in 1911 and continued to 1915, during a period in which the United States was experiencing a Technological Revolution. The irony is that the Corporation with enormous capital did not participate in that Revolution. With the intervention of WWI, the U.S. Supreme Court did not issue a final ruling until 1920.

 

 

 



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