Supreme Court Throws Out Oil Industry Antitrust Case

Law360, New York (February 28, 2006, 12:00 AM EST) -- Rejecting claims of gasoline price fixing, The U.S. Supreme Court has tossed out an antitrust lawsuit that accused oil giants Shell Oil Co. and Texaco Inc. of artificially inflating gas prices by over $1 billion.

On Tuesday, the Justices unanimously overturned an appeals court ruling that two now-defunct joint ventures between the industry goliaths had improperly restricted trade.

In a year where gasoline prices topped $3 a gallon in many parts of the United States, some consumers speculated that industry price fixing was to blame....
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