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Keywords

contractinjunctiontrustcorporationantitrust

contractappellant

Related Cases

Timken Roller Bearing Co. v. U.S., 341 U.S. 593, 71 S.Ct. 971, 95 L.Ed. 1199, 89 U.S.P.Q. 462

Facts

The case arose from allegations that Timken Roller Bearing Company conspired with British Timken, Ltd. and Societe Anonyme Francaise Timken to restrain trade in antifriction bearings. The District Court found that since 1909, Timken and its foreign counterparts had entered into agreements that divided global markets, fixed prices, and eliminated competition. These arrangements were deemed illegal under the Sherman Act, prompting the United States to seek an injunction against Timken's practices.

The complaint charged that appellant, in violation of ss 1 and 3 of the Act, combined, conspired and acted with British Timken, Ltd. (British Timken), and Societe Anonyme Francaise Timken (French Timken) to restrain interstate and foreign commerce by eliminating competition in the manufacture and sale of antifriction bearings in the markets of the world.

Issue

Did Timken Roller Bearing Company violate the Sherman Anti-Trust Act through its agreements with foreign subsidiaries, and was the District Court's decree requiring divestiture appropriate?

The real grounds relied on for reversal are only a few in number.

Rule

The Sherman Anti-Trust Act prohibits contracts, combinations, or conspiracies in restraint of trade or commerce among the states and with foreign nations.

These sections declare illegal all contracts, combinations or conspiracies in restraint of trade or commerce among the states and territories or with foreign nations.

Analysis

The Supreme Court upheld the District Court's findings, stating that the agreements between Timken and its foreign subsidiaries constituted illegal restraints of trade. The Court rejected Timken's arguments that the restraints were reasonable or ancillary to legitimate business activities, emphasizing that the primary purpose of the agreements was to eliminate competition. The Court also noted that the existence of common ownership did not exempt the companies from antitrust scrutiny.

The Supreme Court upheld the District Court's findings, stating that the agreements between Timken and its foreign subsidiaries constituted illegal restraints of trade.

Conclusion

The Supreme Court modified the District Court's decree by affirming the finding of violations but ruling that Timken should not be required to divest itself of all interests in foreign corporations. The judgment was modified and affirmed.

Judgment modified and affirmed.

Who won?

The United States prevailed in the case as the Supreme Court upheld the finding of violations of the Sherman Act, although it modified the divestiture requirement.

The judgment of District Court modified and affirmed.

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