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SUPREME COURT The Supreme Court has tossed out a lawsuit that accused two oil companies of inflating gasoline prices by at least a (b) billion dollars.
Justices unanimously ruled gas distributors didn’t prove ChevronTexaco and Shell violated antitrust laws. The joint venture started in 1998 and ended four years ago.
In the court’s decision, Justice Clarence Thomas wrote that the companies had a legal partnership. And he said the joint venture’s pricing decisions don’t “fall within the narrow category of activity” that’s illegal.
Distributors filed a class-action lawsuit in California accusing the oil companies of using the partnership to fix gasoline prices. The suit said the move broke antitrust provisions of the Sherman Act.