4 ms·
The first sentence of the Sherman Antitrust act (same one that grants the DoJ authority to break up monopolies) declares "every contract... or conspiracy, in re
by gen220 5y ago
The first sentence of the Sherman Antitrust act (same one that grants the DoJ authority to break up monopolies) declares "every contract... or conspiracy, in restraint of trade or commerce" illegal, which would generally include cartels.
12 years ago [1] this law was invoked against big tech companies, who entered no-poach agreements to reduce inter-big-tech-co hiring competition, with the side effect of wage suppression.
Anti-competitive collusion is illegal, full-stop. Proving anti-competitive conspiracy without an explicit paper trail is hard. The emails in the article are pretty explicit. Should be interesting!
[1]: https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation#Department_of_Justice_antitrust_action https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...