In June 2012, my article was published in the Journal
of Business & Technology Law (University of Maryland School of Law).
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.